Account Basics

Who can contribute to a Learning Quest® Advisor account?

How can the account be used?

My clients live in another state. Why should they invest in the Kansas plan since they cannot take the state income tax deduction?

What happens if my child doesn't go to college or if I end up with more in the account than he or she needs for college? Is there a penalty?

Will investing in a 529 affect my client's financial aid eligibility?

Can my client contribute to more than one college investment plan at the same time?

Account Management

Are the social security death benefits affected (or reduced) in any way because a decedent owned a Learning Quest account for a designated beneficiary that would soon be receiving a death benefit?

Can a person take a state tax deduction by "transferring" their UGMA/UTMA or Coverdell Education Savings Account?

Is there a way to view and download my client's account information?

What happens if the account owner moves?

Learning Quest Advisor Service Team

Contact the dedicated Learning Quest Advisor Service Team to find out more about building your business with college savings solutions.


IRS Circular 230 Disclosure: This communication was written in connection with the promotion or marketing, to the extent permitted by applicable law, of the transaction(s) or matter(s) addressed herein by persons unaffiliated with American Century Companies, Inc. American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, to the extent this communication contains any discussion of tax matters, such communication is not intended or written to be used, and cannot be used, for the purpose of avoiding tax penalties. Any recipient of this communication should seek advice from an independent tax advisor based on the recipient's particular circumstances.

This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.

The availability of tax or other state benefits (such as financial aid, scholarship funds and protection from creditors) may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors.

As with any investment, withdrawal value may be more or less than your original investment.

This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.

Before investing, carefully consider the plan's investment objectives, risks, charges and expenses. This information and more about the plan can be found in the Learning Quest Advisor Handbook, available by contacting your financial advisor or American Century Investment Services, Inc., Distributor, at 1-800-345-6488, and should be read carefully before investing. If you are not a Kansas taxpayer, consider before investing whether your or the beneficiary's home state offers a 529 Plan that provides its taxpayers with state tax and other benefits not available through this plan.

Notice: Accounts established under Learning Quest and their earnings are neither insured nor guaranteed by the State of Kansas, the Kansas State Treasurer or American Century Investments.

Administered by Kansas State Treasurer Lynn Rogers
Managed by American Century Investment Management, Inc.