Home / FAQ / Frequently Asked Questions - Financial Advisors Why should I discuss the Minnesota College Savings Plan with my clients? What are the investment options? What materials do you have available for me to use with my clients? Is there compensation available to brokers for selling Minnesota College Savings Plan? Why should I discuss the Minnesota College Savings Plan with my clients? As a trusted advisor, your clients count on you for solid financial advice. After saving for retirement, planning for a child's college education is the next big financial challenge for many of your clients. The Minnesota College Savings Plan is federal and Minnesota income tax-free for Minnesota residents. The Minnesota College Savings Plan also offers estate and gift tax benefits.   What are the investment options? Minnesota College Savings Plan offers a choice of six investment options: Managed Allocation Option, 100% Equity Option, Balanced Option, 100% Fixed-Income Option, Money Market Option and the Guaranteed Option. Effective November 1, 2007, transfers from the Guaranteed Option to the Money Market Option will not be permitted. (If this restriction changes, investors will be notified prior to the effective date of any such change.) What materials do you have available for me to use with my clients? We are ready to provide you with the materials you need to share Minnesota College Savings Plan program information with your clients. If you would like to meet with a Minnesota College Savings Plan Program Representative to discuss our program, arrange Minnesota College Savings Plan seminars or webinars at your location, or obtain promotional materials, please call us at 1 877 338-4646. We're available Monday through Friday, 7:00 am - 7:00 pm Central Time. Is there compensation available to brokers for selling the Minnesota College Savings Plan? No, it is offered without commissions or other fees that would be paid to an advisor. Read more FAQs.

WE'RE HERE TO HELP Have a question you don't see listed? Need clarification? Call us toll-free at 1-877-338-4646 We're available 7:00 am to 7:00 pm Central Time, Monday - Friday. Don't forget you can set up an Automatic Contribution Plan (PDF, 50KB) or use Payroll Deduction (PDF, 46KB) for your contributions (if offered by your employer). PDF files require the free Adobe Acrobat Reader. Get it here. Access our glossary for the meanings of terms used throughout this site.     Tell a Friend Let a friend know about the Minnesota College Savings Plan. Calculate Your Savings Need Compare College Savings Options Questions? Call 1-877-338-4646

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The tax information contained on the Minnesota College Savings Plan Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. 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 Minnesota College Savings Plan. Please call toll-free 1(877) 338-4646 for a 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, distributes Minnesota College Savings Plan. The State of Minnesota, 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 Minnesota 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.

The Minnesota College Savings Plan Web site contains links to other Web sites. Neither Minnesota College Savings Plan nor TIAA-CREF Tuition Financing, Inc. and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.

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© 2007 TIAA-CREF Tuition Financing, Inc. TIAA-CREF Individual & Institutional Services, LLC, distributes Minnesota College Savings Plan. 2008 TIAA-CREF Tuition Financing Inc.