What is the difference between a 529 and a Schwab account?

Like a 529 savings plan, these tax-deferred accounts allow individuals to pay for a student's education expenses but have lower contribution limits than a 529 savings plan. Schwab One Custodial Account (UGMA/UTMA): While not explicitly an education savings vehicle, a Schwab One Custodial Account can be used to support education funding goals.

What is a Schwab 529 Education Savings Plan?

The Schwab 529 Education Savings Plan is administered by the state of Kansas with American Century Investments ® as the program manager. Education savings account: An ESA, sometimes called a Coverdell account, is a savings plan set up and managed by a parent or other adult for the benefit of a minor.

How do I open a Schwab 529 account?

Before completing the application, be sure to read the Schwab 529 Plan Guide and Participation Agreement. To open a saved enrollment, click here. We care about our relationship with you. To open a new account, fill in the information below and click continue. "Open a New 529 Account".