With Age-Based Portfolios, the asset allocation within each of our five portfolios is tailored for children in a particular age group. As your child grows, assets are shifted from being primarily equity based to more fixed income, providing greater growth potential when your child is younger, and increased capital preservation potential as your child approaches college.
Tax-free transfers between investment options are allowed twice per calendar year.
Because investors differ in how long they plan to invest and how much risk they are willing to take, SMART529 WV Direct also offers five Static Portfolios. Each one differs in its risk and return potential, from more aggressive portfolios invested entirely in equities, to more conservative bond portfolios that invest completely in fixed income securities.
In contrast to the Age-Based Portfolios, Static Portfolios do not change as the child ages. The account owner must decide when and if a change to the allocation is needed. Federal law allows two tax-free changes per calendar year. Tax-free transfers between investment options are allowed twice per calendar year.