Oregon 529 Plans
Oregon has two 529 savings plan. There is the Oregon College Savings plan and there is the MFS 529 Savings Plan. Both of these plans are administered by the Oregon Treasury Savings Network which is a division of the Oregon State Treasury. There is also a third option called the Oregon Able Savings plan for individuals with disabilities. This plan is also administered by the Oregon Treasury Savings Network.
Oregon College Savings Plan
The Oregon 529 College Savings Plan is a state-sponsored program that offers tax advantages and flexible investment options. It’s designed to help families save for education expenses with ease.
Age Based Portfolios
These aged based portfolios Automatically adjust the asset allocation as the beneficiary nears college age.
Static Portfolios
The static portfolios maintain a fixed asset allocation, suitable for varying risk tolerances.
MFS 529 Savings Plan
The MFS 529 Savings Plan is managed by MFS Investment Management and is designed to offer a range of investment options to meet various risk tolerances and investment strategies.
Enrollment Year Portfolios
Enrollment year portfolios are based off of the expected year that the beneficiary expects to enroll in college. The portfolio will shift to more conservative investments as the beneficiary gets closer to enrollment.
Risk Based Portfolios
The risk based portfolios allows investors to choose between a mix of aggressive, moderate and conservative portfolios.
Conclusion
Both the Oregon 529 College Savings Plan and the MFS 529 Savings Plan offer valuable benefits for saving towards education. By understanding the features and advantages of each, you can choose the plan that best aligns with your financial goals and education savings strategy.
For more detailed comparisons and updates on 529 plans, stay tuned to Pro Stock Options. Your future investment decisions can shape the academic and financial success of your loved ones.
If you have specific questions, feel free to reach out to us. At Pro Stock Options, we are dedicated to helping you navigate the complexities of investment planning with ease and confidence.