1. 529 Account Guide Some of what you need to know about opening Fidelity 529 accounts for your students.

2. What is a 529 Account? 529 Plans are flexible, tax-advantaged accounts designed specifically for college savings. They are offered by individual states, however you do not have to be a resident of a particular state to invest in that state's plan. Residents of any state can open a 529 Plan account.

3. More About 529 Accounts There are no income restrictions. The beneficiary can be changed to an eligible member of the original beneficiary’s family at any time without penalty. The beneficiary doesn't need to be a child. Adults can use 529 accounts to save for their own qualified higher education expenses.

4. REALLY? For those saving with a 529 Plan, when the child reaches college age, withdrawals used for qualified higher education expenses are federal income tax-free, and in many cases state income tax-free. Don’t assume it’s state tax-free, verify it with the bank that you open the account with.

5. Perks Fidelity Rewards American Express Card Random Student

6. How Does It Work? Any U.S. resident, 18 years or older may apply for a Fidelity Rewards Card, but to receive the Fidelity Rewards benefits as a contribution to a Fidelity account, you must link your Card to an open and funded Fidelity account. Fidelity American Express Card members earn 2 points for every $1 spent in net retail purchases. Random Student

7. Cont. Customers must earn a minimum of 5000 points to have them redeemed into a Fidelity account. Once you have reached 5000 points, they can be converted at a rate of 1% (1 point = $0.01) into the eligible Fidelity account you designate. Basically, 5,000 points= $50. Random Student

8. FAQs What if my child decides against college? – You can take out the money as a non-qualified withdrawal but any earnings on non-qualified distributions are subject to federal income taxes at the Distributee's rate as well as a 10% federal penalty tax. – Or you can change the beneficiary on your 529 Plan account to eligible family members of the original beneficiary without incurring federal income tax and the 10% federal penalty tax.

9. FAQs What if I have an account in another state's 529 Plan? – You can do what is called a rollover. Under federal tax laws you are allowed to rollover a 529 account for each beneficiary once over any 12-month period.

10. How Do I Open One? Visit Fidelity’s web site. Read more about your account options. Follow the instructions by clicking “Open a 529 Account.” http://personal.fidelity.com/global/search/inquira/resultsindex.s html?question=529

11. Questions?