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Calculator
- The Advantages of
Starting Early
The sooner you start, the
sooner you can take advantage of the compounding effect of time on your
investment. Use our interactive calculator to see how contributing early
and regularly (even as little as $25 per month) can really add up.
This
hypothetical example is presented for illustrative purposes and does not
reflect actual performance or predict future results of the Program or any
Program series and does not reflect any deduction for expenses or taxes.
Note that the Mississippi Affordable College Savings Program offers federal
and Mississippi tax-free qualified withdrawals. This federal income tax-free treatment of qualified withdrawals and other federal tax benefits are now permanently in place for 529 plans through the passage of the Pension Protection Act of 2006.
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The tax information herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties. It was written to support the promotion of the Mississippi Affordable College Savings plan. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
Consider the investment objectives, risks, charges and expenses before investing in the
Mississippi Affordable College Savings plan. For details, refer to the Disclosure Booklet containing
this information. Read it carefully.
Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.
TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes securities products.
The State of Mississippi, its agencies, TIAA-CREF Tuition Financing, Inc., Teachers Insurance and Annuity Association of America and its affiliates do not insure any account or guarantee its principal or investment return except for TIAA-CREF Life Insurance Company’s guarantee to the Mississippi Affordable College Savings plan under the funding agreement for the Guaranteed Option. Account value will fluctuate based upon a number of factors, including general market conditions. |
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