Mississippi Affordable College Savings Program (MACS)

Frequently Asked Questions - Financial Advisors

Why should I discuss the MACS with my clients?
As a trusted advisor, your clients count on you for solid financial advice. After saving for retirement, planning for a child's college education is the next big financial challenge for many of your clients. MACS is federal and Mississippi income tax-free for Mississippi residents. Your clients may be eligible for a Mississippi state income tax deduction, and MACS also offers estate and gift tax benefits.
 
What are the investment options?
MACS offers a choice of three investment options: Managed Allocation Option, 100% Equity Option, and the Guaranteed Option.

What materials do you have available for me to use with my clients?
We are ready to provide you with the materials you need to share MACS program information with your clients. Please call us toll-free at 1-800-486-3670, we're available Monday through Friday, 7:00 am - 7:00 pm Central Time.

Is there compensation available to brokers for selling MACS?
No, MACS is offered without commissions or other fees that would be paid to an advisor.

Read more FAQs.
 

WE'RE HERE TO HELP
Call us toll-free at 1-800-486-3670 to:
  • Meet with a MACS program representative
  • Arrange MACS seminars or webinars at your location
  • Order MACS Program Brochures (PDF, 250KB), table top signs and other promotional materials
Remind your clients they can set up an Automatic Contribution Plan (PDF, 157KB) or use Payroll Deduction (PDF, 45KB) for their contributions (if offered by their employer).

Authorization to access MACS Accounts. Get form here.

PDF files require the free Adobe Acrobat Reader. Get it here.

    If your firm has already executed a selling agreement and you have the password, click here to go to the advisor-sold MACS website.

    If you do not yet have an agreement
    or a password, and want to visit
    the advisor-sold MACS website, please call us at
    1-877-ADVS-529.

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    The tax information contained on the Mississippi Affordable College Savings Program (the Plan) Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

    The Plan is administered by the Board of Directors of the College Savings Plans of Mississippi and the Mississippi Treasury Department. TIAA-CREF Tuition Financing, Inc. (TFI) serves as Program Manager.

    The investment approaches described are not recommendations and do not take into consideration personal goals or preferences. After evaluating information you consider important in making an investment choice, the ultimate decision is up to you. It is a good idea to revisit your investment strategy periodically as your goals, personal financial situation, and market conditions change.

    Consider the investment objectives, risks, charges and expenses before investing in the Plan. Please call toll-free 1-800-486-3670 for a Disclosure Booklet containing this information. Read it carefully.

    Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.

    The State of Mississippi, its agencies, TIAA-CREF Tuition Financing, Inc., Teachers Insurance and Annuity Association of America and its affiliates do not insure any account or guarantee its principal or investment return. Account value will fluctuate based upon a number of factors, including general market conditions.

    The Plan Web site is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. Such offer or solicitation can be made only through the Disclosure Booklet.

    The Plan Web site contains links to other Web sites. Neither the Plan nor TFI and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.

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    © 2010 TIAA-CREF Tuition Financing Inc.