Statements (53)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:Bank
|
| gptkbp:account_closure |
can be closed and funds withdrawn
|
| gptkbp:account_fees |
may include maintenance and management fees
|
| gptkbp:account_ownership |
account owner can be anyone
|
| gptkbp:account_portability |
can be used at out-of-state institutions
|
| gptkbp:account_statements |
provided regularly to account holders
|
| gptkbp:age_restriction |
no age limit for contributions
|
| gptkbp:beneficiary |
can be changed to a sibling or family member
can change the beneficiary without penalty designated beneficiary |
| gptkbp:benefits |
tax-free growth
|
| gptkbp:contribution_age_limit |
no age limit for contributions
|
| gptkbp:contribution_frequency |
can be made regularly or as a lump sum
|
| gptkbp:contribution_limits |
varies by state
|
| gptkbp:education_expenses_covered |
tuition, fees, room and board
|
| gptkbp:education_institution |
eligible institutions include colleges and universities
|
| gptkbp:educational_expenses |
can include K-12 tuition in some cases
|
| gptkbp:features |
managed by state or financial institutions
|
| gptkbp:federal_tax_treatment |
federal tax-free withdrawals
|
| gptkbp:financial_aid |
may affect financial aid eligibility
may need to report 529 accounts |
| gptkbp:financials |
important for future education funding
promotes understanding of saving for education |
| gptkbp:funding |
can be funded by multiple sources
can include automatic contributions cash, check, or electronic transfer |
| gptkbp:gift_tax_implications |
contributions may be subject to gift tax rules
|
| gptkbp:has_diversity_initiatives |
allows for diversified investment choices
|
| https://www.w3.org/2000/01/rdf-schema#label |
529 College Savings Plans
|
| gptkbp:investment |
various investment portfolios
investment performance varies long-term investment strategy recommended |
| gptkbp:investment_options_availability |
varies by plan
|
| gptkbp:investment_strategy |
varies based on market conditions
|
| gptkbp:maximum_contribution_limit |
varies by state
|
| gptkbp:membership |
prepaid tuition and education savings plans
|
| gptkbp:mentor |
can assist in selecting plans
|
| gptkbp:non-qualified_withdrawals |
subject to taxes and penalties
|
| gptkbp:purpose |
to save for future education costs
|
| gptkbp:rollover_options |
to another 529 plan
|
| gptkbp:sponsorship |
state governments
|
| gptkbp:state_plan_comparison |
important to compare different state plans
|
| gptkbp:state_residency_requirement |
not always required
|
| gptkbp:state_tax_credits |
some states offer tax credits for contributions
|
| gptkbp:state_tax_deductions |
available in some states
|
| gptkbp:state-specific_benefits |
some states offer additional benefits for residents
|
| gptkbp:state-specific_rules |
each state has its own regulations
|
| gptkbp:transferability |
can be transferred to another beneficiary
|
| gptkbp:type |
tax-advantaged savings plan
|
| gptkbp:withdrawal_conditions |
qualified education expenses
|
| gptkbp:withdrawal_process |
requires documentation of qualified expenses
|
| gptkbp:bfsParent |
gptkb:John_Hancock_Mutual_Life_Insurance_Company
|
| gptkbp:bfsLayer |
5
|