21 | 529 Savings Plan 2.0

Investors should consider whether there are home state tax or other benefits such as financial aid, scholarships, or protection from creditors that are only available for investments in such state’s qualified tuition program. Consider your state of residence before investing in a 529 Savings Plan. Some states may offer 529 Savings Plans with state tax benefits or other benefits only available to residents of that state. For gift tax purposes, contributions up to an amount determined by the IRS per person can be pro-rated over five years. Discuss tax or estate tax exclusions with your tax advisor. Alerus does not provide legal or tax advice. Please consult your legal or tax advisor, to determine how this information may apply to your own situation.