Backer: Smart 529 Savings 1.24.1

Backer: Smart 529 Savings 1.24.1

Principly, Inc. – Freeware – iOS
out of 469 votes
Latest Version
1.24.1
Safe to install
image/svg+xml EXCELLENT User Rating

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 [email protected] 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.

Screenshots (Click to view larger)

Related products


Concreit Real Estate Investing

Build Wealth in Real Estate Fractionally Concreit offers a unique opportunity for real estate investing that is accessible to everyone. Our flagship Cash Flow strategy allows you to generate passive income with your investment.

Daffy: Save, Invest, Give

Empower Your Philanthropy with Daffy: Save, Invest, Give

EarlyBird: Invest. Gift. Grow.

Launch your child's first investment account with EarlyBird. It's a simple and meaningful way to save for the future with family and friends, starting from an early age.

EarlyBird: Time Capsule

Unlock Memories with EarlyBird: Time Capsule

Elevault – Mobile Banking

Elevault: Convenient Mobile Banking at Your Fingertips

Fabric: Life Insurance & Wills

Fabric provides a comprehensive solution for new parents to secure their family's financial future. With a focus on convenience, Fabric offers a range of tools and services that make it easier to manage your finances and plan for the …

Farther: Invest & Save

Maximize Your Financial Future with Farther: Invest & Save

G2 Global Solutions, LLC.

The G2 Global Solutions, LLC. (G2) app serves as the official event platform for participants of G2-sponsored events. This mobile application offers a range of interactive features designed to enhance the attendee …

Mazoola

Mazoola is a powerful app designed to empower parents in guiding their child's journey towards developing essential money management skills.

Save - Get more from your cash

Unlock Your Financial Potential with JoinSave

Sootchy: 529 College Savings

Your children have the potential to receive a college education without taking out a student loan with Sootchy. Sootchy is a user-friendly app that allows families to save money for their children's education by opening a 529 savings …

Starship - Health Savings

Starship provides individuals and families with an opportunity to plan for their future health by offering triple tax breaks and transparent fee structures.

UNest: Investing for your Kids

Invest in your children's future and receive unlimited monetary contributions from friends and family. Earn money for your child's account by shopping with your favorite brands.

Upromise: Cash Back Rewards

Maximize Your Savings with Upromise's Cash Back Rewards

Vadera Capital

Vadera Capital is revolutionizing the industry by offering a fee-free debit card with exclusive benefits such as cashback, reward points, cryptocurrency options, and many other premium features.

Will 2 Click

Streamline Your Online Experience with Will 2 Click

Worthy Financial - Earn 5%

Welcome to Worthy, a platform that offers a more ethical and personalized approach to finance. With Worthy, you have the opportunity to not only save and grow your money but also make a positive impact on American small businesses.

Latest Updates


safeRweb 5.6.2

Protect Your Online Privacy with safeRweb

TubeDigger 7.8.3

TubeDigger: Simplify Your Video Downloading Experience

RAM Saver Pro 25.4.1

Optimize Your Computer's RAM Performance with RAM Saver Pro

Stellar Converter for OST 13.0.0.0

Effortless OST Conversion with Stellar Converter

Driver Genius Professional Edition 25.0.0.109

Maximize Your PC Performance with Driver Genius Professional Edition!

Email Director .NET 18.4

Streamline Your Email Management with Email Director .NET
Secure and free downloads checked by UpdateStar

Stay up-to-date
with UpdateStar freeware.

Latest Reviews

WordFinder by YourDictionary WordFinder by YourDictionary
Unlock Your Vocabulary with WordFinder by YourDictionary
Remnant Ministries Mobile App Remnant Ministries Mobile App
Empower Your Spiritual Journey with the Remnant Ministries Mobile App
The Boubyan App The Boubyan App
Revolutionize Your Banking Experience with The Boubyan App
AI Mirror: AI Art Photo Editor AI Mirror: AI Art Photo Editor
Transform Your Photos into Stunning Art with AI Mirror
The Trail The Trail
A Captivating Adventure Awaits in The Trail
Sky Tonight - Star Gazer Guide Sky Tonight - Star Gazer Guide
Unlock the Wonders of the Night Sky with Sky Tonight
UpdateStar Premium Edition UpdateStar Premium Edition
Keeping Your Software Updated Has Never Been Easier with UpdateStar Premium Edition!
Microsoft Visual C++ 2015 Redistributable Package Microsoft Visual C++ 2015 Redistributable Package
Boost your system performance with Microsoft Visual C++ 2015 Redistributable Package!
Microsoft Edge Microsoft Edge
A New Standard in Web Browsing
Google Chrome Google Chrome
Fast and Versatile Web Browser
Microsoft Visual C++ 2010 Redistributable Microsoft Visual C++ 2010 Redistributable
Essential Component for Running Visual C++ Applications
Microsoft Update Health Tools Microsoft Update Health Tools
Microsoft Update Health Tools: Ensure Your System is Always Up-to-Date!