College Savings

Planning Report

For non-qualified withdrawals, earnings are subject to income taxes and may be subject to additional tax penalties. Please consult your tax professional.
This analysis is based on information you provided. The assumptions and projections in this plan are estimates and are meant to serve solely as a guideline. If any
assumptions in this plan are not realized, then the projections will be inaccurate. This report does not offer legal or tax advice and should be reviewed by your legal and
tax advisors before any action is taken. Past performance is no guarantee of future results.

1 C O L L E G E S A V I N G S P L A N N E R R E P O R T F R O M M I5 2 9 A D V I S O R . C O M
Benefits of a 529 Plan
A 529 plan is a tax-advantaged savings plan designed to encourage
saving for future college costs. 529 plans, legally known as
“qualified tuition plans,” are sponsored by states, state agencies or
educational institutions and are authorized by Section 529 of the
Internal Revenue Code.

Earnings within a 529 plan are eventually federal income tax-free

when used to pay for qualified higher education expenses.

A Quick Look:
• Education-based savings account can help you
plan for your child’s future.
• Tax benefits, similar to a Roth IRA retirement
account, can help savings grow more.
• Savings can pay for tuition and college expenses.
• Use at thousands of higher education institutions
in the U.S. and abroad.
• Up to $10,000/year can be used for K-12 private
school tuition.
• Almost anyone can contribute, bringing family
and friends together to help secure your child’s
education.

For non-qualified withdrawals, earnings are subject to income taxes and may be subject to additional tax penalties. Please consult your tax professional.
This analysis is based on information you provided. The assumptions and projections in this plan are estimates and are meant to serve solely as a guideline. If any
assumptions in this plan are not realized, then the projections will be inaccurate. This report does not offer legal or tax advice and should be reviewed by your legal and
tax advisors before any action is taken. Past performance is no guarantee of future results.

2 C O L L E G E S A V I N G S P L A N N E R R E P O R T F R O M M I5 2 9 A D V I S O R . C O M
At a Glance
Expected Average Lifetime Earnings Rise
with Education Level.
High school graduates: $1.56 million
Bachelor’s degree: $2.61 million
Master’s degree: $3.21 million
Professional degrees: $4.09 million
Doctoral degree: $4.29 million
Source: U.S. Census Bureau, Current Population Survey, 2022 Annual Social and Economic Supplement. The figures are based on
2021 earnings projected over a typical 40-year work life, defined by the Census Bureau as those ages 25 through 64.

What 529s can be used for Where can 529s be used

◼ Tuition ◼ Colleges and Universities
◼ Room and Board ◼ Graduate schools
◼ Books ◼ Student loans (up to $10,000
◼ Supplies lifetime per beneficiary)

◼ Fees ◼ Trade schools

◼ Required equipment, such as ◼ Private or public institutions

laptops and tablets ◼ In or out-of-state, including
many abroad

For non-qualified withdrawals, earnings are subject to income taxes and may be subject to additional tax penalties. Please consult your tax professional.
This analysis is based on information you provided. The assumptions and projections in this plan are estimates and are meant to serve solely as a guideline. If any
assumptions in this plan are not realized, then the projections will be inaccurate. This report does not offer legal or tax advice and should be reviewed by your legal and
tax advisors before any action is taken. Past performance is no guarantee of future results.

3 COLLEGE SAVINGS P LA NNER REP ORT FROM MI529A DVISOR .C O M

College Savings Profile
Assumptions in this report are made using information you provided about
your family’s personal financial situation. Please review the information on this
page to ensure everything is accurate, as incorrect or outdated information can
lead to inaccurate calculations.

Plan Owner How will you

State of Resident: MI
bridge the gap?
State of Sponsored 529 Plan: MI
Filing Status: Single
Nearly
Federal Tax Rate: 22% 9 in 10
State Tax Rate: 4.25%
familiessay college is
an investment in their
Beneficiary student’s future
Name:
Age: 0 yrs
Nearly
6 in 10
Expected Age to Start College: 18 yrs
# of Years Expected to Attend: 4
Expected School: Public 4-year school, in-
state
families
create a plan to
Annual College Inflation Rate: 6% pay for college

Current Savings for College: $0

Annual Contributions Planned: $1,200 Source: SallieMae
“How America Pays for College 2022”
Hypothetical Rate of Return: 6%
% Expected to Fund: 100%

For non-qualified withdrawals, earnings are subject to income taxes and may be subject to additional tax penalties. Please consult your tax professional.
This analysis is based on information you provided. The assumptions and projections in this plan are estimates and are meant to serve solely as a guideline. If any
assumptions in this plan are not realized, then the projections will be inaccurate. This report does not offer legal or tax advice and should be reviewed by your legal and
tax advisors before any action is taken. Past performance is no guarantee of future results.

4 COLLEGE SAVINGS P LA NNER REP ORT FROM MI529A DVISOR .C O M

Cost Breakdown
Below is an overview of your family’s total projected future college costs.
Remember, costs not covered by savings will have to be covered by grants,
scholarships, paid-out-of-pocket or borrowed.

School: Public 4-year school, in-state

Future Cost: $290,314 total

Note: The “Future Cost” is calculated based on the college inflation rate, selected school, current age & expected age to
attend college and number of years planning to attend.

Yearly Breakdown
of College Costs Total Cost

2042 $66,363

2043 $70,345

2044 $74,566

2045 $79,040

For non-qualified withdrawals, earnings are subject to income taxes and may be subject to additional tax penalties. Please consult your tax professional.
This analysis is based on information you provided. The assumptions and projections in this plan are estimates and are meant to serve solely as a guideline. If any
assumptions in this plan are not realized, then the projections will be inaccurate. This report does not offer legal or tax advice and should be reviewed by your legal and
tax advisors before any action is taken. Past performance is no guarantee of future results.

5 C O L L E G E S A V I N G S P L A N N E R R E P O R T F R O M M I5 2 9 A D V I S O R . C O M
College Funding Summary
's college education is expected to cost a total of $290,314. Based on an
existing saving of $0 and ongoing yearly contributions of $1,200, you are
projected to save $39,312 or 13.54% of your goal.

Special State Tax Benefits:

Earnings within a 529 plan are eventually federal income tax-free when used to pay for
qualified higher education expenses.
Based on your state of residence and tax bracket (as shown in the College Savings Profile
section of this report), as well as the facts and assumptions discussed above, you can
expect to:

Deduct contributions up to $5,000.00 annually from your state

income tax, based on your tax filing status.

What Does This Mean?

• Deduct $39.78 a year from your state income tax

• Deduct $716.04 from your state income tax based on your entire investment
time horizon
Tax benefits are conditioned on meeting certain requirements. Federal income tax, a 10% federal tax penalty and
state income tax and penalties apply to non-qualified withdrawals of earnings. State and federal tax rules may
change in the future. See the Disclosure Booklet for more complete information.

For non-qualified withdrawals, earnings are subject to income taxes and may be subject to additional tax penalties. Please consult your tax professional.
This analysis is based on information you provided. The assumptions and projections in this plan are estimates and are meant to serve solely as a guideline. If any
assumptions in this plan are not realized, then the projections will be inaccurate. This report does not offer legal or tax advice and should be reviewed by your legal and
tax advisors before any action is taken. Past performance is no guarantee of future results.

6 C O L L E G E S A V I N G S P L A N N E R R E P O R T F R O M M I5 2 9 A D V I S O R . C O M
College Funding Summary
's college education is expected to cost a total of $290,314. Based on an
existing saving of $0 and ongoing yearly contributions of $1,200, you are
projected to save $39,312 or 13.54% of your goal.

$290,314
$290,314 Amount You
$290,314 Plan to Fund
Estimated Total Based on your goal to fund
Education Costs 100% of the total cost.
Based on your selected
school and education
cost inflation rate.

$39,312
Amount You'll Have
Saved Towards
Your Goal
You're off to a good start. You'll
reach 13.54% of your goal at
your current rate of saving.

$251,002
$251,002
Funding Shortfall
Based on your current rate of
saving and your funding goal.

$6,081
Potential 529 Tax
$39,312

Savings,
including tax deductions/
credits (if applicable)

Earnings, if any, from your 529

raccount grow free from federal
and state taxes.

For non-qualified withdrawals, earnings are subject to income taxes and may be subject to additional tax penalties. Please consult your tax professional.
This analysis is based on information you provided. The assumptions and projections in this plan are estimates and are meant to serve solely as a guideline. If any
assumptions in this plan are not realized, then the projections will be inaccurate. This report does not offer legal or tax advice and should be reviewed by your legal and
tax advisors before any action is taken. Past performance is no guarantee of future results.

7 C O L L E G E S A V I N G S P L A N N E R R E P O R T F R O M M I5 2 9 A D V I S O R . C O M
The Choice is Clear:
The MI529 Advisor Plan
Whether just getting started or checking to see if you are on track, review
annually with your financial advisor. To learn more about the MI 529 Advisor
Plan visit mi529advisor.com or call 800-529-8818.

Benefits of the MI 529 Advisor Plan

1 Convenience 3 Choice 5 Guidance

Automatic contributions that
you can set and forget
Set up payroll deductions through
your employer or through your
own personal checking or
savings account.
2 Control
Account owners own and
manage the assets
Unlike other savings plans for
children, such as UGMAs and
UTMAs, the 529 account owner
always retains control—even after
a Beneficiary reaches majority age.
You can change the Beneficiary
to another family member of the
current Beneficiary without any
cost, tax or penalty. You decide
how to invest your contributions,
when to make withdrawals, and to
whom they will be paid—you, the
student, or directly to the school.
4 distinct investment categories Financial advisor diligence
to select from overseeing the Plan
Choose from 20 investment The MI 529 Advisor Plan is available
portfolios across 4 categories only through financial advisors:
based on your risk appetite and professionals who can help you
investment goals. A professional define your goals, choose your
investment management team investments and take advantage of
manages each portfolio with a tax- and estate-planning benefits.
goal of having performance that
outpaces college inflation.
4 Flexibility
Use funds for undergraduate,
graduate, trade, or vocational
schools
Withdrawals can be used for any
qualified higher education
expense, including tuition,
mandatory fees, supplies, books,
computers or other required
equipment, and room and board,
if the beneficiary is enrolled in
school at least half-time.

For non-qualified withdrawals, earnings are subject to income taxes and may be subject to additional tax penalties. Please consult your tax professional.
This analysis is based on information you provided. The assumptions and projections in this plan are estimates and are meant to serve solely as a guideline. If any
assumptions in this plan are not realized, then the projections will be inaccurate. This report does not offer legal or tax advice and should be reviewed by your legal and
tax advisors before any action is taken. Past performance is no guarantee of future results.

8 C O L L E G E S A V I N G S P L A N N E R R E P O R T F R O M M I5 2 9 A D V I S O R . C O M
Important: This calculator is provided for educational purposes only and is not
meant as legal, tax, estate planning or investment advice. You may want to review
your overall tax plan with a tax professional. The results of these calculations
are estimates based solely on user input and the assumptions of the calculator
program. All examples are hypothetical and intended for illustrative purposes
only. Investment results do not represent the future performance of any 529
college investment plan. Before making any financial commitment regarding a
Section 529 college savings plan, consult with the appropriate financial advisor.

MI Advisor Plan is offered by the State of Michigan. TIAA-CREF Tuition Financing, Inc. is the Program Manager
and Nuveen Securities, LLC is the Distributor.

There are various risks associated with an investment in the Advisor Plan; principal loss is possible. Each 529
Investment Portfolio is also subject to the risks of the underlying fund(s) in which it invests. To fully understand
the investment policies and risks of the underlying fund(s), please refer to the current prospectuses for the
Underlying Funds which can be obtained on the MI Advisor Plan website.

Before investing, carefully consider the investment objectives, risks, charges and expenses of the
MI 529 Advisor Plan, including whether the investor’s or the Designated Beneficiary’s home state
offers any state tax or other benefits that are only available for investment in such state’s qualified
tuition program. Other state benefits may include financial aid, scholarship funds, and protection
from creditors. For this and other information that should be read carefully, please request a Plan
Disclosure Booklet at 866-529-8818 or visit MI529advisor.com.

Participation in the MI Advisor Plan does not guarantee that the account’s assets will be adequate to cover
future tuition or other higher education expenses, or that a Designated Beneficiary will be admitted to or
permitted to continue to attend an institution of higher education. Contributions to an Account and the
investment earnings if any, are not guaranteed or insured by the State of Michigan, The Michigan Department
of the Treasury, the State Treasurer of Michigan, the Michigan Education Savings Program, the Federal Deposit
Insurance Corporation, any other government agency or entity or any of the service providers to the Michigan
Education Savings Program, including, but not limited to, TIAA-CREF Tuition Financing, Inc. and Nuveen
Securities, LLC.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

For non-qualified withdrawals, earnings are subject to income taxes and may be subject to additional tax penalties. Please consult your tax professional.
This analysis is based on information you provided. The assumptions and projections in this plan are estimates and are meant to serve solely as a guideline. If any
FBR-2763987CR-Y0223W 497619
assumptions in this plan are not realized, then the projections will be inaccurate. This report does not offer legal or tax advice and should be reviewed by your legal and
tax advisors before any action is taken. Past performance is no guarantee of future results.

12 COLLEGE SAVINGS P LA NNER REP ORT FROM MI529A DVISOR .C O M