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Putnam Investments is a global money management firm with 75 years of experience, offering a wide range of investment products, including advisor-sold mutual funds, retirement plans such as 401(k)s and IRAs, variable annuities, and institutional portfolios. The Putnam 529 for America plan is sponsored by the State of Nevada through the Trustees of the College Savings Plans of Nevada and the Nevada College Savings Trust Fund, allowing anyone to invest and use the funds for education in any state. It is important to consider whether your state's plan offers additional tax benefits before investing. Withdrawals not used for qualified higher education expenses may incur federal income tax and a potential 10% penalty on earnings, so consulting a tax advisor is recommended. Putnam Retail Management serves as the principal underwriter and distributor, while Putnam Investment Management acts as the investment manager.
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