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Started By
Message
re: 529 START Funds
Posted on 8/27/22 at 12:46 am to bod312
Posted on 8/27/22 at 12:46 am to bod312
quote:This is the most absurd thing I have ever seen
Reported AGI Rate_____________Earnings Enhancement
$0 to $29,999________________14%
$30,000 to $44,999______________12%
$45,000 to $59,999______________9%
$60,000 to $74,999______________6%
$75,000 to $99,999______________4%
$100,000 and above_____________2%
1
Posted on 8/29/22 at 8:56 am to Pelican fan99
One other thing to keep in mind on the earnings enhancement (EE), is that they are separate funds than your contributions. They stay separate and don't get invested in the investment of your choosing. I was confused originally when I noticed they were separate and didn't fluctuate with the total market like my contributions so I emailed them.
They said that the EE funds are invested by the State Treasurer. They will always be separate and in 2020 they earned 1.97%. I assume they grow at a similar rate to gov treasury bonds.
They said that the EE funds are invested by the State Treasurer. They will always be separate and in 2020 they earned 1.97%. I assume they grow at a similar rate to gov treasury bonds.
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