• Enhancements• Investments• Pricing• Strategy

Offered by: State of Michigan

Program manager and administrator: TIAA-CREF Tuition Financing, Inc.

Program distributor: Nuveen Securities, LLC

MI 529 Advisor Plan 2017-18 Product Guide

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.

“We’ve structured a compelling, new Plan that offers everything

advisors tell us they want: Diverse investment selection. Specialized,

active managers. Respected college savings plan expertise. Ease of use.

A clear path to reaching college savings goals.”

- Christopher Lynch, President, Tuition Financing, Inc.

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A Smart College Savings Plan... Smarter Than Ever Before.

Announcing exciting enhancements to the MI 529 Advisor PlanIt’s our priority to keep the MI 529 Advisor Plan at the head of the class when it comes to advisor-sold college savings plans. With that in mind, we’ve made some notable improvements to benefit you and your clients:

New Strategic Partnership = New Management Structure: As of September 2017, program distribution transitioned from Allianz Global Investors Distributors, LLC (“Allianz”) to Nuveen Securities, LLC (“Nuveen”). TIAA-CREF Tuition Financing, Inc. continues to serve as Program Manager, and assumed the role of Plan Administrator as well. Nuveen is a subsidiary of TIAA, and will be responsible for marketing and distribution of the Plan.

Expanded investment lineup: With the Nuveen/TIAA partnership, the Plan will offer a broader array of leading asset managers and, in turn, many exciting new investment options. This provides you with more flexibility and choice when it comes to achieving your clients’ college funding goals.

Enhanced account owner servicing: The Plan is now even easier to navigate – through expanded online and phone access – when it comes to contributions, withdrawals and updates to account information.

Channel focused advisor sales and service support: Nuveen now offers a dedicated MI 529 Advisor Plan Specialist: Tom Donnelly (tom.donnelly@nuveen.com or call 312-917-7982) and access to nine dedicated Advisor Consultants and Internal Advisor Consultants, to provide partnership and support to grow your business.

More competitive fees and compensation: The Plan’s management fee and many of the investment options’ asset-based fees are now lower. There’s also a more flexible share class schedule, offering more competitive compensation for advisors.

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Allianz Global Investors

Distributors, LLCNuveen Securities,

LLC (“Nuveen”)

INVESTMENT OPTIONS:

PROGRAM DISTRIBUTOR:

TOTAL ASSET-BASED

FEES:*

Age-Based Portfolios (6 age bands)

10 Individual Fund Portfolios

2 Target Risk Portfolios

3 Investment Managers

Age-Based Portfolios (9 age bands)

16 Individual Fund Portfolios

2 Target Risk Portfolios

1 Multi-Fund Portfolio

10 Investment Managers

BEFORE AFTER

0.86% - 1.77% 0.67% - 1.54%

*Representative of Class A shares. Total asset-based fees include underlying funds, program management, state and service fees.

PLAN ADMINISTRATOR:

Allianz Global Investors

TIAA-CREF Tuition Financing, Inc.

PROGRAM MANAGER:

TIAA-CREF Tuition Financing, Inc.

TIAA-CREF Tuition Financing, Inc.

SHARE CLASSES: A and C A and C (convertible

to A shares at year 7)

Overview: An opportunity-filled approach to college savings

All 529 college savings plans help investors save for college, but they’re not all the same. The MI 529 Advisor Plan is the only college savings plan to offer both the education-investing expertise of TIAA-CREF Tuition Financing, Inc. and the global asset management capabilities of Nuveen and its affiliates. Consider the opportunities for you and your clients:

A wide range of 20 professionally-managed investment options

• Nine age-based investment portfolios automatically reallocate assets based on the Beneficiary’s age.

• Two target risk portfolios enable you to tailor the account to your client’s personal risk tolerance.

• One multi-fund portfolio that offers a targeted approach by investing in multiple mutual funds across capital structures as well as fixed income sectors.

• 16 individual investment portfolios that allow you to invest and construct unique asset allocation plans.

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.4

Access to premier asset managers

Bring value to your client’s college savings strategy by helping them build the right portfolio for their goals. You can choose from an exclusive mix of managers, including global experts, asset class specialists and investment boutiques.

Statutory creditor protection provides protection from creditors of the Contributor, Account Owner or Beneficiary.3

Sales and support from Nuveen, a leading distributor and service provider in the asset management space.

Unique features

Maximum contribution limit of $500,000 per Beneficiary, including contributions in the Michigan Education Savings Program (direct program) and the Michigan Education Trust (529 prepaid tuition program).

Trust and corporate ownership permitted, including 501(c)(3) organizations that make it ideal for clients with unique needs on how, when and for whom funds are to be used.

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The only advisor-sold 529 college savings plan that allows MI residents to:

• Deduct net contributions up to $10,000 (for joint filers) from your Michigan taxable income annually ($5,000 for single filers)

• Contribute up until December 31 to earn a deduction for this calendar year

1, 2, 3 See back cover for details.

* Earnings on withdrawals which are not used for qualified higher education expenses may be taxed as ordinary income and may be subject to an additional 10% federal penalty tax.

** Transferring assets from an UGMA/UTMA account to a 529 plan may require the Account Owner to sell securities and incur the tax consequences. Also, there are fewer restrictions on the uses of assets in an UGMA/UTMA account than there are on the assets inside a 529 plans whose tax advantages are targeted to withdrawals for higher education expenses.

*** Assets may roll over from another qualified tuition program established under Section 529 of the Internal Revenue Tax Code to the MI 529 Advisor Plan. One tax-free rollover per Beneficiary is permitted in a 12-month period. If the rule is violated, the transaction is treated as a non-qualified distribution and federal income taxes must be paid plus a 10% penalty tax on earnings.

Powerful benefits

Tax advantages from tax-deferred growth to tax-free withdrawals.*

Gift and estate tax benefits means a married couple can fund up to $140,000 gift tax-free at one time, removing assets from their taxable estate. Investors should consult their tax advisor about any applicable state or federal taxes.1

Control and flexibility unlike some other savings options, your client always retains control of the assets, from naming the Beneficiary to deciding how much should be spent.

Acceptance of contributions from individuals other than the Account Owner allowing assets to be accumulated faster and funding responsibilities to be shared.

UGMA/UTMA investments permitted enabling savers to be sure assets are used for college, reduce taxes on the minor, and gain a potentially favorable tax treatment for financial aid.**

Tax-free rollovers allowed from other 529 plans, Coverdell Savings Plans (formerly Education IRAs) and qualified US savings bonds (Series EE and I).***

Ability to change investments or redeem with one phone call provides greater ease while leaving less paperwork for you and your clients.2

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.

the number of years before the Beneficiary turns 18 and is expected to enter college.

Target Risk Portfolios

The Target Risk Portfolios are currently comprised of two Investment Portfolios: one seeking long-term capital appreciation and the other seeking more conservative total returns. The Target

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Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Age 15 Age 16 Age 17 Age 18 + Capital

Appreciation Portfolio

Conservative Allocation Portfolio

Nuveen Alternative

Income Portfolio

Asset Classes CUSIPs A: 59319H104C: 59319H203

A: 59319H302C: 59319H401

A: 59319H500C: 59319H609

A: 59319H708C: 59319H807

A: 59319H880C: 59319H872

A: 59319H864C: 59319H856

A: 59319H849C: 59319H831

A: 59319H823C: 59319H815

A: 59319H799C: 59319H781

A: 59319H773C: 59319H765

A: 59319H757C: 59319H740

A: 59319H435C: 59319H427

Equities 68.80% 60.20% 51.60% 43.00% 34.40% 25.80% 21.50% 17.20% 12.90% 68.80% 12.90% 0.00%Nuveen Large Cap Core Fund 35.84% 31.36% 26.88% 22.40% 17.92% 13.44% 11.20% 8.96% 6.72% 35.84% 6.72% 0.00%Nuveen Santa Barbara Dividend Growth Fund 4.48% 3.92% 3.36% 2.80% 2.24% 1.68% 1.40% 1.12% 0.84% 4.48% 0.84% 0.00%TIAA-CREF Small Cap Equity Fund 4.48% 3.92% 3.36% 2.80% 2.24% 1.68% 1.40% 1.12% 0.84% 4.48% 0.84% 0.00%TIAA-CREF International Equity Index Fund 19.20% 16.80% 14.40% 12.00% 9.60% 7.20% 6.00% 4.80% 3.60% 19.20% 3.60% 0.00%TIAA-CREF Emerging Markets Equity Index Fund 4.80% 4.20% 3.60% 3.00% 2.40% 1.80% 1.50% 1.20% 0.90% 4.80% 0.90% 0.00%Real Estate 5.60% 4.90% 4.20% 3.50% 2.80% 2.10% 1.75% 1.40% 1.05% 5.60% 1.05% 0.00%Nuveen Real Estate Securities Fund 5.60% 4.90% 4.20% 3.50% 2.80% 2.10% 1.75% 1.40% 1.05% 5.60% 1.05% 0.00%Real Assets 5.60% 4.90% 4.20% 3.50% 2.80% 2.10% 1.75% 1.40% 1.05% 5.60% 1.05% 33.33%Nuveen Real Asset Income Fund 5.60% 4.90% 4.20% 3.50% 2.80% 2.10% 1.75% 1.40% 1.05% 5.60% 1.05% 33.33%Bonds 17.00% 25.50% 34.00% 34.00% 38.25% 38.25% 34.00% 25.50% 21.25% 17.00% 21.25% 66.67%TIAA-CREF Bond Fund 12.00% 18.00% 24.00% 24.00% 27.00% 27.00% 24.00% 18.00% 15.00% 12.00% 15.00% 0.00%Nuveen Strategic Income Fund 4.00% 6.00% 8.00% 8.00% 7.20% 5.40% 3.20% 1.20% 0.00% 4.00% 0.00% 33.33%TIAA-CREF Emerging Markets Debt Fund 1.00% 1.50% 2.00% 2.00% 2.25% 2.25% 2.00% 1.50% 1.25% 1.00% 1.25% 0.00%TIAA-CREF High Yield Fund 0.00% 0.00% 0.00% 0.00% 0.90% 1.80% 2.40% 2.40% 2.50% 0.00% 2.50% 0.00%Nuveen Symphony Credit Opportunities Fund 0.00% 0.00% 0.00% 0.00% 0.90% 1.80% 2.40% 2.40% 2.50% 0.00% 2.50% 33.34%Inflation-Linked Bonds 3.00% 4.50% 6.00% 6.00% 6.75% 6.75% 6.00% 4.50% 3.75% 3.00% 3.75% 0.00%Nuveen Inflation Protected Securities Fund 3.00% 4.50% 6.00% 6.00% 6.75% 6.75% 6.00% 4.50% 3.75% 3.00% 3.75% 0.00%Funding Agreement 0.00% 0.00% 0.00% 10.00% 15.00% 25.00% 35.00% 50.00% 60.00% 0.00% 60.00% 0.00%TIAA Life Funding Agreement 0.00% 0.00% 0.00% 10.00% 15.00% 25.00% 35.00% 50.00% 60.00% 0.00% 60.00% 0.00%

100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Total Annual Asset-Based Fees A: 1.11%C: 1.86%

A: 1.10%C: 1.85%

A: 1.08%C: 1.83%

A: 1.03%C: 1.78%

A: 1.00%C: 1.75%

A: 0.94%C: 1.69%

A: 0.90%C: 1.65%

A: 0.84%C: 1.59%

A: 0.79%C: 1.54%

A: 1.11%C: 1.86%

A: 0.79%C: 1.54%

A: 1.29%C: 1.69%

Risk Portfolios are designed for Account Owners who prefer a diversified Investment Portfolio with a fixed risk level rather than a risk level that changes as the Beneficiary ages. Each Target Risk Portfolio invests in multiple Underlying Funds, and one Target Risk Portfolio also invests in the Funding Agreement. (See the Plan Disclosure Booklet for details.)

Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen

Age-Based Portfolio

Flexible Investment Options: Go Simple or Get Creative

The MI 529 Advisor Plan allows investors to choose between four different investment options—age-based, target risk, multi-fund, or individual investment portfolios.

Age-Based Investment Portfolio

The Age-Based Portfolio seeks to match the investment objective and level of risk to the investment horizon by considering the Beneficiary’s current age and

Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Age 15 Age 16 Age 17 Age 18 + Capital Appreciation

Portfolio

Conservative Allocation Portfolio

Nuveen Alternative

Income Portfolio

Asset Classes CUSIPs A: 59319H104C: 59319H203

A: 59319H302C: 59319H401

A: 59319H500C: 59319H609

A: 59319H708C: 59319H807

A: 59319H880C: 59319H872

A: 59319H864C: 59319H856

A: 59319H849C: 59319H831

A: 59319H823C: 59319H815

A: 59319H799C: 59319H781

A: 59319H773C: 59319H765

A: 59319H757C: 59319H740

A: 59319H435C: 59319H427

Equities 68.80% 60.20% 51.60% 43.00% 34.40% 25.80% 21.50% 17.20% 12.90% 68.80% 12.90% 0.00%Nuveen Large Cap Core Fund 35.84% 31.36% 26.88% 22.40% 17.92% 13.44% 11.20% 8.96% 6.72% 35.84% 6.72% 0.00%Nuveen Santa Barbara Dividend Growth Fund 4.48% 3.92% 3.36% 2.80% 2.24% 1.68% 1.40% 1.12% 0.84% 4.48% 0.84% 0.00%TIAA-CREF Small Cap Equity Fund 4.48% 3.92% 3.36% 2.80% 2.24% 1.68% 1.40% 1.12% 0.84% 4.48% 0.84% 0.00%TIAA-CREF International Equity Index Fund 19.20% 16.80% 14.40% 12.00% 9.60% 7.20% 6.00% 4.80% 3.60% 19.20% 3.60% 0.00%TIAA-CREF Emerging Markets Equity Index Fund 4.80% 4.20% 3.60% 3.00% 2.40% 1.80% 1.50% 1.20% 0.90% 4.80% 0.90% 0.00%Real Estate 5.60% 4.90% 4.20% 3.50% 2.80% 2.10% 1.75% 1.40% 1.05% 5.60% 1.05% 0.00%Nuveen Real Estate Securities Fund 5.60% 4.90% 4.20% 3.50% 2.80% 2.10% 1.75% 1.40% 1.05% 5.60% 1.05% 0.00%Real Assets 5.60% 4.90% 4.20% 3.50% 2.80% 2.10% 1.75% 1.40% 1.05% 5.60% 1.05% 33.33%Nuveen Real Asset Income Fund 5.60% 4.90% 4.20% 3.50% 2.80% 2.10% 1.75% 1.40% 1.05% 5.60% 1.05% 33.33%Bonds 17.00% 25.50% 34.00% 34.00% 38.25% 38.25% 34.00% 25.50% 21.25% 17.00% 21.25% 66.67%TIAA-CREF Bond Fund 12.00% 18.00% 24.00% 24.00% 27.00% 27.00% 24.00% 18.00% 15.00% 12.00% 15.00% 0.00%Nuveen Strategic Income Fund 4.00% 6.00% 8.00% 8.00% 7.20% 5.40% 3.20% 1.20% 0.00% 4.00% 0.00% 33.33%TIAA-CREF Emerging Markets Debt Fund 1.00% 1.50% 2.00% 2.00% 2.25% 2.25% 2.00% 1.50% 1.25% 1.00% 1.25% 0.00%TIAA-CREF High Yield Fund 0.00% 0.00% 0.00% 0.00% 0.90% 1.80% 2.40% 2.40% 2.50% 0.00% 2.50% 0.00%Nuveen Symphony Credit Opportunities Fund 0.00% 0.00% 0.00% 0.00% 0.90% 1.80% 2.40% 2.40% 2.50% 0.00% 2.50% 33.34%Inflation-Linked Bonds 3.00% 4.50% 6.00% 6.00% 6.75% 6.75% 6.00% 4.50% 3.75% 3.00% 3.75% 0.00%Nuveen Inflation Protected Securities Fund 3.00% 4.50% 6.00% 6.00% 6.75% 6.75% 6.00% 4.50% 3.75% 3.00% 3.75% 0.00%Funding Agreement 0.00% 0.00% 0.00% 10.00% 15.00% 25.00% 35.00% 50.00% 60.00% 0.00% 60.00% 0.00%TIAA Life Funding Agreement 0.00% 0.00% 0.00% 10.00% 15.00% 25.00% 35.00% 50.00% 60.00% 0.00% 60.00% 0.00%

100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Total Annual Asset-Based Fees A: 1.11%C: 1.86%

A: 1.10%C: 1.85%

A: 1.08%C: 1.83%

A: 1.03%C: 1.78%

A: 1.00%C: 1.75%

A: 0.94%C: 1.69%

A: 0.90%C: 1.65%

A: 0.84%C: 1.59%

A: 0.79%C: 1.54%

A: 1.11%C: 1.86%

A: 0.79%C: 1.54%

A: 1.29%C: 1.69%

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Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen Ages 0 - 4 Ages 5 - 8 Ages 9 - 10 Ages 11 - 12 Ages 13 - 14 Ages 15 Ages 16 Ages 17 Ages 18 + Capital Conservative Nuveen

Target Risk PortfoliosMulti-Fund Portfolio

Individual Investment Portfolios

To allow for maximum flexibility in customizing your clients’ portfolios, you can also choose to add specific individual investment portfolios to the college-savings allocation mix, allowing investors to further refine their risk profile depending on personal financial and market circumstances. (See the Individual Investment Portfolios listed on the next page.)

Multi-Fund Portfolio

The Multi-Fund Portfolio seeks to achieve its investment objective by investing in multiple Underlying Funds. The Multi-Fund Portfolio is designed for Account Owners who desire a more targeted investment strategy for all or a portion of their assets.

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.8

Individual Investment Portfolios

Asset Class Portfolio CUSIPs Total Annual Asset-Based Fees

Equities

TIAA Large Cap U.S. Equity Index Portfolio A: 59319H575 C: 59319H567 A: 0.67% C: 1.07%

Santa Barbara Dividend Growth Portfolio A: 59319H716 C: 59319H690 A: 1.28% C: 1.68%

TIAA Large Cap Value Portfolio A: 59319H534 C: 59319H526 A: 1.03% C: 1.43%

Harbor Capital Appreciation Portfolio A: 59319H518 C: 59319H492 A: 1.19% C: 1.59%

Ariel Portfolio A: 59319H484 C: 59319H476 A: 1.34% C: 1.74%

TIAA U.S. Small Cap Portfolio A: 59319H559 C: 59319H542 A: 1.04% C: 1.44%

Harding Loevner Global Equity Portfolio A: 59319H682 C: 59319H674 A: 1.54% C: 1.94%

Oakmark International Portfolio A: 59319H732 C: 59319H724 A: 1.43% C: 1.83%

DFA Emerging Markets Portfolio A: 59319H450 C: 59319H443 A: 1.15% C: 1.55%

TIAA Social Choice Equity Port-folio A: 59319H419 C: 59319H393 A: 0.81% C: 1.21%

Real Assets Nuveen Real Asset Income Portfolio A: 59319H369 C: 59319H351 A: 1.45% C: 1.85%

Bonds

MetWest Total Return Bond Portfolio A: 59319H591 C: 59319H583 A: 1.00% C: 1.40%

Nuveen Strategic Income Portfolio A: 59319H666 C: 59319H658 A: 1.12% C: 1.52%

TIAA Social Choice Bond Portfolio A: 59319H385 C: 59319H377 A: 1.02% C: 1.42%

Inflation-Linked Bonds Nuveen Inflation-Linked Portfolio A: 59319H641 C: 59319H633 A: 0.96% C: 1.36%

Funding Agreement Principal Plus Interest Portfolio A: 59319H625 C: 59319H617 A: 0.00% C: 0.00%

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MI 529 Advisor Plan: Product & Pricing Summary

A Shares/Initial Sales Charge and Compensation*

Breakpoints Initial Sales Charge Dealer Compensation

Less than $50,000 4.25% 3.75%

$50,000 but under $100,000 4.00% 3.50%

$100,000 but under $250,000 3.50% 3.00%

$250,000 but under $500,000 2.50% 2.25%

$500,000 but under $1,000,000 2.00% 1.75%

Over $1,000,000 (1% CDSC within 6 months) 0.00% 0.50%

Ongoing Service Fee 0.25% (None for the Principal Plus Interest Portfolio)

C Shares/Service and Distribution Fees/Dealer Reallowance

Portfolio Type Fees

Service Fee

All Portfolios 0.25% (None for the Principal Plus Interest Portfolio)

Distribution Fee

Age-Based and Target Risk Portfolios 0.75%

Individual Fund and Multi-Fund Portfolios 0.40% (None for the Principal Plus Interest Portfolio)

CDSC (First 6 Months)

Age-Based and Target Risk Portfolios 1.00%

Individual Fund and Multi-Fund Portfolios 1.00% (None for the Principal Plus Interest Portfolio)

Dealer Reallowance (Advance of the first 12 months service and distribution fees)

Age-Based and Target Risk Portfolios 1.00%

Individual Fund and Multi-Fund Portfolios 0.65% (None for the Principal Plus Interest Portfolio)

Conversion Feature

Class C Shares

Class C shares automatically convert to Class A shares at the beginning of the first calendar month of the seventh year

1) from original purchase, or2) from the conversion date of 9/11/2017, whichever is later.

*No sales charges or compensation for the Principal Plus Interest Portfolio

Available Share Classes A or C

Minimum Initial Investment $25

Automatic Investment Plan $25

Maximum Contribution Limit $500,000

Annual Account Fee No annual maintenance account fee

Program Management Fee 32 basis points (0.32%)

State Fee 5 basis points (0.05%)

State Residency Required No

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.10

Four ways to expand your clients’ (and your own) thinking about 529s:

Helping clients unlock the full potential of 529s is one of the most valuable services you can provide. Here’s proof: Research shows that many advisors firmly believe that offering 529 plans strengthen their client relationships (as shown below).

Expand the visionThink beyond traditional “college age”: The Beneficiary of a 529 plan does not have to be a child. There is no age restriction on 529 plans. Even grandmas and grandpas can use funds from a 529 to go back to school. As Baby Boomers continue to approach or enter retirement, millions are in various stages of career expansion, pursuing advanced degrees or new vocations altogether. Along with that…

Think beyond traditional 4-year colleges: In fact, 529 plans can be used for undergraduate or graduate school, technical or trade schools, even cooking schools or golf schools in the U.S. and some accredited schools abroad.

Expand contribution amountsSuperfund it! Grandparents (or anyone for that matter) can give up to $14,000 per year ($28,000 for married couples filing jointly) to any individual, without triggering the gift

An Expansive Opportunity

According to the Strategic Insight 529 Distribution Analysis 2016,

a majority of advisors agree that 529 plans are powerful client

retention tools. Not only do 529s help advisors solve an important

life goal for their clients, they can also deepen relationships by

connecting advisors with multiple generations of family, as well

as other family and friends who wish to participate.

65% Agree 22% Not Sure 13% Disagree

65% of Financial Advisors agree “529s help me retain clients.”

tax. Better yet, they can bundle five years of contributions into one $70,000 contribution ($140,000 for married couples) – called “superfunding.”1 For estate planning, once money is in a 529 plan, it’s not considered part of the estate. However, it’s important to remember that if the donor dies during the five-year period, then a prorated portion of the contribution would be “recaptured” into the estate for estate tax purposes.

Expand the college-savings “village”The old saying “it takes a village” definitely applies to college funding. Help your clients think beyond their own or grandparents’ contributions. Anyone can contribute (although state laws vary on whether they can get a tax break). Encourage clients to let their friends and family know they can make a contribution for a child’s birthday, a holiday or any special occasion.

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Expand your professional “cred” (and network)529 college savings plans continue to increase in popularity. This is a great chance to enhance your college-funding knowledge and position yourself as an expert. Use your knowledge to partner with other service professionals (like attorneys or CPAs) who might not know as much about education-related investing as you do.

Dedicated 529 College Savings Sales Support: Call Tom Donnelly, your dedicated MI 529 Advisor Plan Specialist, at 312-917-7982 (tom.donnelly@nuveen.com) or visit the plan’s website at MI529advisor.com.

Ready to get started with the new MI 529 Advisor Plan? We’re here to help.

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.

There are various risks associated with an investment in the Advisor Plan; principal loss is possible. The Advisor Plan’s Investment Portfolios are subject to the risks of the underlying fund(s) in which they invest and other risks, as described in the Disclosure Booklet. To obtain a more complete description of the investment policies and risks of the underlying funds, please refer to the current prospectuses for the underlying funds.

The Target Risk Portfolios are currently comprised of two Investment Portfolios. The Target Risk Portfolios are designed for Account Owners who prefer a diversified Investment Portfolio with a fixed risk level rather than a risk level that changes as the Designated Beneficiary ages.

The Age-Based Investment Portfolio is currently divided into nine age-bands, each of which has a different investment strategy. Depending on the Designated Beneficiary’s age, contributions to the Age-Based Investment Portfolio are invested in one of the nine age-bands. The age-bands for younger Designated Beneficiaries seek a favorable long-term return by investing primarily in mutual funds that invest primarily in equity securities, which typically have a higher level of risk, but may have greater potential for returns than mutual funds that invest primarily in debt securities.

Participation in the Advisor Plan does not guarantee that the designated Beneficiary’s account assets will be adequate to cover future tuition or other higher education expenses, or that the designated Beneficiary will be admitted to or permitted to continue to attend an institution of higher education. Contributions to an account and the investment earnings are not guaranteed or insured by the State of Michigan, the Education Savings Program, the Federal Deposit Insurance Corporation, any other government agency or entity, or any of the service providers including, but not limited to, TIAA-CREF Tuition Financing, Inc. and Nuveen Securities, LLC.

Before investing, carefully consider the investment objectives, risks, charges and expenses of the MI 529 Advisor Plan, including whether the investor’s or designated Beneficiary’s home state offers any state tax or other benefits that are only available for investment in such state’s qualified tuition program. For this and other information that should be read carefully, please request a Plan Disclosure Booklet at 866-529-8818 or visit MI529advisor.com.

1. Tax benefits are conditioned on meeting certain requirements. Federal income tax, a 10% federal tax penalty and state income tax and penalties apply to non-qualified withdrawals of earnings. Generation-skipping tax may apply to substantial transfers to a Beneficiary at least two generations below the contributor. Gift examples are general; individual financial circumstances and state laws vary—consult a tax advisor before investing. If the contributor dies within the five-year period, a prorated portion of contributions may be included in their taxable estate. See the Disclosure Booklet for more complete information.

2. Subject to IRC guidelines limiting changes to investments twice per calendar year, see the Disclosure Booklet for details.

3. Certain restrictions apply; see the Disclosure Booklet for details. FBR

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