Michigan Education Savings Program

The Michigan Education Savings Program (MESP) is offered by the State of Michigan. TIAA-CREF Tuition Financing, Inc. is the Program Manager.

Consider the investment objectives, risks, charges and expenses before investing in MESP. Please visit www.misaves.com for a Disclosure Booklet containing this and other information. Account value in the Investment Options is not guaranteed and will fluctuate based upon a number of factors, including general market conditions.

Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state’s 529 plan.

The tax information contained herein is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

Non-qualified withdrawals are subject to income taxes and the additional 10% federal tax.

The Program web site is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. Such offer or solicitation can be made only through the Disclosure Booklet.

The Program web site contains links to other web sites. Neither the Program nor TIAA-CREF Tuition Financing, Inc. and its affiliates are responsible for the content of those other websites. The accuracy of information on those sites cannot be confirmed.

TIAA-CREF Tuition Financing, Inc., Program Manager.

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