OneShare Investments

Start a 529 Plan -- Put the savings wheel in motion

At OneShare Investments, we believe that starting a plan should be affordable and simple. You can start a plan for as little as $50 and add to it monthly to help you reach your savings goal. We make starting a plan easy. Just follow the steps below!

1) Put the savings wheel in motion.

When you're ready to start saving, the first step is to pick up the phone and call 1.800.770.8057. We'll ask you a few short questions to help get the planning process rolling. Your answers will give us a snapshot of your savings objectives, timeline, and budget. Your Parent Investment Specialist will put together a personalized presentation tailored to your specific goals. It will include detailed information about the best 529 plans available to you and a cost calculator to determine the amount needed to meet your goal.

2) Explore your options.

After talking with you about your college savings objectives, your Parent Investment Specialist will put together a personalized presentation tailored to your specific goals. It will include detailed information about the best 529 plans available to you.

3) Discuss the details.

Navigating all the nitty-gritty details of each 529 college savings plan can be confusing, which is why your Parent Investment Specialist will personally walk you through your presentation. He or she will take as much time as necessary to be sure you have the answers to all your questions.

4) Choose your plan.

By this time, you have all the details you need to make an educated decision about which 529 college savings plan meets your big-picture objectives. To make it really easy, your Parent Investment Specialist will handle all the paperwork; all you have to do is sit back and let the savings begin. Rest assured that your Parent Investment Specialist is with you for the duration, so you'll always have an on-call expert advisor.

5) Gift and estate-planning benefits.

If you're the account owner on a 529 plan, you can make a tax-free gift of up to $65,000 per beneficiary in a given year, or $130,000 if you're married and filing jointly. The catch is that you're electing to use five years of the annual gift tax exclusion (currently $13,000) all in one year, so you can't gift any additional amount to that beneficiary any time during that five-year period without incurring tax implications. 529 plans have a slew of other gift and estate-planning benefits, but they get a little confusing, so ask your Parent Investment Specialist to give you a detailed summary.