When considering a 529 plan for education savings, it’s crucial to Compare Funds and understand the potential state benefits offered by your state or your designated beneficiary’s state. These benefits can include state income-tax advantages, financial aid considerations, scholarship fund opportunities, and even protection from creditors. Before making any investment decisions, it’s wise to assess these state-specific benefits alongside other important factors.
State tax advantages and other state-level benefits are just some of the elements to evaluate when you compare funds within 529 plans. To fully understand how these benefits might apply to your individual circumstances, it’s recommended to consult with a financial, tax, or other qualified advisor. You can also directly contact your state’s 529 plan or any other 529 education savings plan to gather more detailed information about their specific features and offerings.
For those seeking comprehensive details, including investment objectives, potential risks, associated fees, charges, and expenses, it is essential to obtain and carefully review the Plan Disclosure Document or prospectus for any underlying funds you are considering. These documents provide crucial information about municipal fund securities and the underlying investment companies that manage the funds. You can request the Plan Disclosure Document from your financial professional or by calling 866-222-7498.
The John Hancock Freedom 529 plan, for example, is an education savings plan offered by the Education Trust of Alaska and managed by T. Rowe Price Associates, Inc. It is distributed by John Hancock Distributors LLC through various broker-dealers and investment advisory firms that have agreements with John Hancock Distributors LLC. John Hancock Distributors LLC is a FINRA member and is listed with the Municipal Securities Rulemaking Board (MSRB).
Remember, 529 plans are not insured by the FDIC, may lose value, and are not guaranteed by any bank or state entity. Always conduct thorough research and seek professional advice to compare funds and make informed decisions about your education savings strategy.
John Hancock Freedom 529
P.O. Box 17603, Baltimore, MD 21297-1603, 866-222-7498, jhinvestments.com/529
© 2025 John Hancock. All rights reserved. Information included in this material is believed to be accurate as of the printing date.
