Stock Trading Academy Club

Montana 529 Plan

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Ray Fisher

Credentials
Former Licenses - Series 7, 66, 6, 24, 4 | Former Firms- E*Trade, JP Morgan, Merrill Lynch, Scottrade

Table of Contents | Pro Stock Options

Montana 529 plan

Montana’s 529 plan is called Achieve Montana.  It is administered by Montana Board of Regents of Higher Education.  Ascensus College Savings Recordkeeping Services provides record keeping, as well as other administrative services. Charles Schwab Investment Management, Vanguard Group, Blackrock Fund Advisors, Dimensional Fund Advisors LP, and New York Life Insurance Company provide investment management for the various portfolios.

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The 3 Montana 529 Plan Types

  • Years of Enrollment Portfolios – plan type 1
  • Asset Allocation Portfolios – plan type 2
  • Individual Portfolios – plan type 3
  • Investors can select all 3 plan types or any combination
  • This plan is administered via Achieve Montana

Montana Years of Enrollment Portfolios - plan type 1

  • Invests in Mutual Funds, ETFs, Cash Equivalents
  • Automatic rebalancing of portfolios 
  • Portfolio rebalance to more conservative investments  over time

Montana Asset Allocation Portfolios - plan type 2

  • These portfolios are invested in various mutual funds and ETFs
  • Each fund has different investment objectives

Montana Individual Portfolios - plan type 3

  • Invests in Ishare’s Total U.S. Stock Market Index Fund
  • U.S. Equity Index tracks the Russell 3000 index which tracks the broad stock market
  • Bond Index Fund invests in the Vanguard Total Bond  Market ETF
  • Capital Preservation Portfolio invests in the New York Life Guranteed Interest Account
  • These portfolios are passively Managed