Software Overview: What is UNest?
UNest is an investment app that specializes in tax-advantaged savings plans for education, such as 529 college savings plans and Coverdell Education Savings Accounts (ESA). The app allows users to set up and manage savings accounts for their children's education, with features such as automated savings, gifting options, and investment management. UNest also provides educational resources and tools to help users plan for and save for their children's education expenses.
What are the top features of UNest?
UNest is an investment management platform designed to help parents save for their child's education. Some of the main features of UNest include:
Tax-advantaged savings: UNest allows parents to save for their child's education using a tax-advantaged 529 college savings plan, which means they can save money on taxes and maximize their savings potential.
Flexible investment options: UNest offers a variety of investment options, including age-based portfolios that automatically adjust as the child gets closer to college age, and static portfolios that allow parents to choose their own asset allocation.
Easy account management: UNest's platform is user-friendly and easy to navigate, allowing parents to manage their accounts, track their savings progress, and make contributions directly from their mobile devices.
Gifting options: UNest allows family and friends to contribute to a child's college savings account through a gifting platform, making it easy for loved ones to contribute to a child's education fund.
Competitive fees: UNest's fees are competitive compared to other investment management platforms, with low account minimums and no hidden fees.
Educational resources: UNest provides educational resources and tools to help parents make informed investment decisions and plan for their child's future education expenses.
Overall, UNest offers a comprehensive investment management solution for parents looking to save for their child's education in a tax-efficient and flexible way.
What are the advantages of using UNest?
UNest is a financial technology company that provides college savings plans for families with young children. Here are some advantages of using UNest for retail companies:
Employee benefit: UNest can be a great employee benefit for retail companies, especially for employees who have young children. Offering UNest plans can help attract and retain employees, as it shows that the company cares about the financial well-being of its employees.
Easy setup: Setting up UNest plans is simple and can be done in minutes. Employers can set up UNest accounts for their employees with just a few clicks, and employees can start contributing to their accounts right away.
Tax advantages: UNest plans offer tax advantages for both employers and employees. Contributions to UNest plans are tax-deductible, and earnings grow tax-free. Withdrawals from UNest plans are also tax-free if they are used for qualified education expenses.
Low fees: UNest plans have low fees compared to traditional 529 plans. This means more money is going towards education savings, and less is going towards fees.
Customizable plans: UNest plans are customizable, which means employers can choose how much they want to contribute to their employees' plans, and employees can choose how much they want to contribute to their own plans. This makes UNest plans flexible and adaptable to the needs of each individual employee.
User-friendly app: UNest has a user-friendly app that makes it easy for employees to manage their accounts. The app allows employees to track their savings, set goals, and make contributions from their mobile devices.
Social gifting: UNest offers a feature called "social gifting" that allows friends and family members to contribute to a child's UNest plan. This can be a great way for retail companies to engage with their customers and offer a unique and valuable service.
What is the pricing of UNest?
UNest is a mobile app that helps parents save for their children's future, specifically education and college expenses. The app offers two pricing plans:
UNest Basic: $3/month or $30/year
UNest investment account
Goal calculator and college savings planner
One-time gifting and sharing options
Personalized investment portfolio
UNest Premium: $6/month or $60/year
All features of UNest Basic
Customized investment portfolios
Automatic recurring investments
Family and friends can contribute to the account
UNest debit card for eligible expenses
Note that UNest also charges a monthly fee of $1.25 for account maintenance and a fee ranging from 0.25% to 0.35% for investment management. These fees are in addition to the pricing plans mentioned above.