Welcome to Backer! Discover the ideal 529 plan for your family, invite loved ones to contribute, and witness your savings grow. Join the 200K+ parents and children we have already assisted in avoiding over $500,000,000 in future student debt.
TO COLLEGE AND BEYOND!
Research has shown that even a small amount of college savings can propel a young person towards their dream college. With Backer, you can amplify this effect by creating a team of supporters ("backers") for your child.
- SIMPLE - Select the right 529 plan for your child in just 5 minutes
- SMART - Enroll for free, without any monthly subscription
- SOCIAL - Boost your savings with contributions from family and friends
THE RIGHT 529 PLAN FOR YOU
With over 100 different 529 plans in the U.S., navigating them can be confusing. At Backer, we have done the hard work of evaluating these plans so that we can recommend the most suitable one for your family in just a few minutes.
SUPER SIMPLE SAVINGS
Experience a paperless setup, automated contributions, and real-time projected savings. Manage your fund effortlessly, all from the convenience of your phone.
GIFTS THAT MAKE A DIFFERENCE
Every fund has a unique link that is easy to share with family and friends. Whether it's birthdays, holidays, or even regular Wednesdays, they can contribute to your child's education fund. Stay connected with your backers by sharing family updates throughout the year.
SAVE MONEY FOR COLLEGE TAX-FREE
A 529 plan is comparable to a 401K for education, allowing your savings to grow tax-free. Your Backer 529 savings can cover a wide range of education expenses beyond just college tuition. Think books and supplies, housing, K12 tuition, boot camps, apprenticeships, and more. If you have been concerned about saving enough for college, a 529 plan is the solution.
SECURITY YOU CAN TRUST
Your account is protected by the highest level of browser encryption available and secure servers that are monitored 24/7/365. Your 529 investments are managed in a government-sponsored account that can be accessed at any time.
NEED OUR HELP?
Visit help.backer.com or contact our support team at support@backer.com with any inquiries.
Disclosures: This app is operated by Principly, Inc., an SEC-registered investment adviser doing business as Backer. Investing involves risks, and the value of any account you open or fund may fluctuate. Investing in 529 plans specifically involves certain tax considerations and associated risks. For detailed disclosures, please visit backer.com/legal. "Backer" is a registered trademark of Principly, Inc. Copyright © 2023.
Overview
Backer: Smart 529 Savings is a Freeware software in the category Business developed by Principly, Inc..
The latest version of Backer: Smart 529 Savings is 1.24.1, released on 04/06/2024. It was initially added to our database on 11/06/2023.
Backer: Smart 529 Savings runs on the following operating systems: iOS.
Users of Backer: Smart 529 Savings gave it a rating of 5 out of 5 stars.
Pros
- User-friendly interface for easy navigation and tracking of savings goals
- Customized savings plans with automatic contributions for convenience
- Diversified investment options to help maximize potential return on investments
- Modern security measures to protect users' personal and financial information
- Access to educational resources to help users make informed decisions
Cons
- May have fees associated with account management and investment services
- Not available in all states, limiting accessibility for some users
- Some users may prefer more hands-on control over their investments
FAQ
What is Backer: Smart 529 Savings?
Backer: Smart 529 Savings is a program offered by Principly, Inc. that helps families save for future education expenses through a tax-advantaged 529 savings plan.
How does Backer: Smart 529 Savings work?
Families can open a Backer: Smart 529 Savings account with Principly, Inc. and contribute funds regularly to save for education expenses. These funds can be invested to grow over time, and withdrawals for qualified education expenses are tax-free.
What are the benefits of using Backer: Smart 529 Savings?
Some benefits of using Backer: Smart 529 Savings include tax advantages on withdrawals for education expenses, potential investment growth, and flexibility in choosing how to use the funds for education.
Can anyone open a Backer: Smart 529 Savings account?
Yes, anyone looking to save for education expenses can open a Backer: Smart 529 Savings account with Principly, Inc.
Are there any fees associated with Backer: Smart 529 Savings?
There may be fees associated with opening and maintaining a Backer: Smart 529 Savings account, which can vary depending on the specific plan selected. It's important to review the fee structure before opening an account.
What can the funds from Backer: Smart 529 Savings be used for?
Funds from Backer: Smart 529 Savings can be used for qualified education expenses, such as tuition, books, fees, and certain room and board costs at eligible educational institutions.
Is there a minimum contribution required for a Backer: Smart 529 Savings account?
The minimum contribution required to open a Backer: Smart 529 Savings account may vary depending on the plan chosen. It's advisable to check with Principly, Inc. for specific details.
Can funds from Backer: Smart 529 Savings be transferred to another beneficiary?
Yes, funds from a Backer: Smart 529 Savings account can typically be transferred to another eligible family member without tax penalties. This provides flexibility in case the original beneficiary does not use all the funds for education.
Is there a maximum contribution limit for Backer: Smart 529 Savings accounts?
Yes, there are maximum contribution limits set by each state's 529 savings plan. These limits can change annually and may vary based on the beneficiary's age and other factors.
Are there any tax implications associated with Backer: Smart 529 Savings?
Contributions to Backer: Smart 529 Savings are made with after-tax dollars, but any earnings in the account grow tax-deferred and withdrawals for qualified education expenses are tax-free at the federal level. Some states also offer additional tax benefits.
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