The TD Ameritrade 529 College Savings Plan (the "Plan") is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer as trustee, and the Nebraska Investment Council provides investment oversight. The Plan offers a series of investment portfolios within the Nebraska Educational Savings Plan Trust (the "Trust"), which offers other investment portfolios not affiliated with the Plan. The Trust serves as issuer (the "Issuer"), Union Bank and Trust serves as program manager (the "program manager") and also renders certain distribution services to the Plan. TD Ameritrade, Inc serves as sub-administrator. TD Ameritrade Investment Management, LLC provides portfolio consulting services to the Nebraska Investment Council and the Program Manager. The Plan is intended to operate as a qualified tuition program.
An investor should consider the Plan's investment objectives, risks, charges and expenses before investing. The Program Disclosure Statement, which contains more information, should be read carefully before investing.
Investors should consider before investing whether their or their beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program and should consult their tax advisor, attorney and/or other advisor regarding their specific legal, investment or tax situation.
This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under U.S. federal tax laws. This material is not an offer to sell or a solicitation of an offer to buy any securities. Any offer to sell units within the Plan may only be made by the Program Disclosure Statement and Participation Agreement relating to the Plan.
TD Ameritrade does not provide tax advice. Every individual's tax situation is different, and it is important to consult a qualified tax advisor regarding the application of the Plan's benefits to your own individual situation.
Participation in the Plan does not guarantee that contributions and the investment return on contributions, if any, will be adequate to cover future tuition and other higher education expenses, or that a beneficiary will be admitted to or permitted to continue to attend an eligible educational institution.
Investments in the Plan are not guaranteed or insured by the Federal Deposit Insurance Corporation (“FDIC”), the Securities Investor Protection Corporation (“SIPC”) or any other government agency, and are not deposits or other obligations of any depository institution. Investments are not guaranteed or insured by the State of Nebraska, the Nebraska State Treasurer, the Nebraska Investment Council, Union Bank and Trust Company or TD Ameritrade, TD Ameritrade Investment Management, LLC or their authorized agents or their affiliates, and are subject to investment risks, including loss of the principal amount invested.
Diversification does not eliminate the risk of experiencing investment losses.
ETFs can entail risks similar to direct stock ownership, including market, sector, or industry risks. Some ETFs may involve international risk, currency risk, commodity risk, and interest rate risk. Trading prices may not reflect the net asset value of the underlying securities. Commission fees may apply.
See the Program Disclosure Statement for additional information regarding qualified higher education expenses. In general, withdrawals used to pay for a beneficiary’s qualified higher education expenses are exempt from federal and Nebraska state income tax. However, earnings on all other types of withdrawals are generally subject to federal and Nebraska state income taxes and an additional 10% federal tax. In addition, Nebraska state income tax deductions may be subject to recapture and the earnings portion (if any) may be subject to Nebraska state income tax in certain circumstances, such as rollovers to another state’s 529 plan or to an ABLE program not issued by the State of Nebraska; cancellation of a participation agreement; and making a non-qualified withdrawal (including a withdrawal used to pay K-12 tuition, registered apprenticeship program expenses or make qualified education loan repayments). Please consult your tax professional about your particular situation.
You could lose money by investing in the Money Market Investment Option. Although a money market fund seeks to preserve the value of an investment at $1 per share, it cannot guarantee it will do so. Investment in the Money Market Investment Option is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The sponsor has no legal obligation to provide financial support to the underlying fund, and you should not expect that the sponsor will provide financial support to the underlying fund at any time.
Nebraska Educational Savings Plan Trust Issuer Nebraska State Treasurer Trustee Nebraska Investment Council Investment Oversight Union Bank and Trust Company Program Manager TD Ameritrade, Inc. sub-administrator TD Ameritrade Investment Management, LLC, Portfolio Consultant
Any personal information you provide to the TD Ameritrade 529 College Savings Plan is collected on behalf of the Plan. Please contact the Plan for questions about access to that information at 877-408-4644
TD Ameritrade Investment Management, LLC ("TDAIM") provides portfolio consulting services to Union Bank and Trust Company and the Nebraska Investment Council.
Investment Products: Not FDIC Insured. No Bank Guarantee. May Lose Value.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.