Did you know? “Just a third of Americans have heard of 529 plans, while only a quarter know that the purpose is to save for education.” (The New York Times, 2019).
Have you started saving for your child’s future college expenses?
Money deposited after taxes in 529 accounts is invested and grows tax free. It is also tax free upon withdrawal, when used for eligible college costs, including tuition and fees, housing, meals and books.
Hard pill to swallow: the cost to attend an in-state university will only continue to increase. See the figures below.
𝘋𝘪𝘴𝘤𝘭𝘰𝘴𝘶𝘳𝘦: 𝘊𝘰𝘭𝘭𝘦𝘨𝘦 𝘤𝘰𝘴𝘵𝘴 𝘢𝘳𝘦 𝘤𝘢𝘭𝘤𝘶𝘭𝘢𝘵𝘦𝘥 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘦𝘴𝘵𝘪𝘮𝘢𝘵𝘦𝘴 𝘰𝘧 𝘤𝘶𝘳𝘳𝘦𝘯𝘵 𝘤𝘰𝘴𝘵𝘴, 𝘢𝘯𝘥 𝘵𝘩𝘦𝘯 𝘪𝘯𝘧𝘭𝘢𝘵𝘦𝘥 𝘢𝘵 𝘢 5% 𝘳𝘢𝘵𝘦. 𝘛𝘩𝘦 𝘤𝘶𝘳𝘳𝘦𝘯𝘵 𝘺𝘦𝘢𝘳 𝘤𝘰𝘴𝘵 𝘪𝘴 𝘧𝘳𝘰𝘮 𝘗𝘦𝘵𝘦𝘳𝘴𝘰𝘯’𝘴 𝘜𝘯𝘥𝘦𝘳𝘨𝘳𝘢𝘥𝘶𝘢𝘵𝘦 𝘢𝘯𝘥 𝘎𝘳𝘢𝘥𝘶𝘢𝘵𝘦 𝘐𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘪𝘰𝘯 𝘋𝘢𝘵𝘢𝘣𝘢𝘴𝘦𝘴, 𝘤𝘰𝘱𝘺𝘳𝘪𝘨𝘩𝘵 𝘗𝘦𝘵𝘦𝘳𝘴𝘰𝘯’𝘴, 𝘓𝘓𝘊
