How it Works

Sara, a PhD student in Aerospace Engineering at CU Boulder, used our calculator and discovered she could get a $924 annual tax refund using a 529 plan for her qualified expenses. Here's how Renest helps her get there:

Sara's total income is $3,100/month.

She knows she spends ~$1,100/month on rent and utilities, and roughly knows how much in other categories.

By using Renest, Sara gets a complete, categorized view of her total monthly expenses.

Renest then identifies her 529 qualified expenses and keeps a record for 3 years.

Renest calculates her 529 qualified spending and how much Sara needs to deposit into her 529 account.

Renest guides Sara through setting up her 529 and how much to deposit and withdraw to match her qualified expenses.

Renest provides Sara with the tracking, documentation and calculations necessary to unlock her full 529 benefit of $924 effortlessly, efficiently and with confidence, each year.