Did you know?ย โJust a third of Americans have heard of 529 plans, while only a quarter know that the purpose is to save for education.โ (The New York Times, 2019).
Have you started saving for your childโs 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.
๐๐ช๐ด๐ค๐ญ๐ฐ๐ด๐ถ๐ณ๐ฆ: ๐๐ฐ๐ญ๐ญ๐ฆ๐จ๐ฆ ๐ค๐ฐ๐ด๐ต๐ด ๐ข๐ณ๐ฆ ๐ค๐ข๐ญ๐ค๐ถ๐ญ๐ข๐ต๐ฆ๐ฅ ๐ฃ๐ข๐ด๐ฆ๐ฅ ๐ฐ๐ฏ ๐ฆ๐ด๐ต๐ช๐ฎ๐ข๐ต๐ฆ๐ด ๐ฐ๐ง ๐ค๐ถ๐ณ๐ณ๐ฆ๐ฏ๐ต ๐ค๐ฐ๐ด๐ต๐ด, ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ฆ๐ฏ ๐ช๐ฏ๐ง๐ญ๐ข๐ต๐ฆ๐ฅ ๐ข๐ต ๐ข 5% ๐ณ๐ข๐ต๐ฆ. ๐๐ฉ๐ฆ ๐ค๐ถ๐ณ๐ณ๐ฆ๐ฏ๐ต ๐บ๐ฆ๐ข๐ณ ๐ค๐ฐ๐ด๐ต ๐ช๐ด ๐ง๐ณ๐ฐ๐ฎ ๐๐ฆ๐ต๐ฆ๐ณ๐ด๐ฐ๐ฏ’๐ด ๐๐ฏ๐ฅ๐ฆ๐ณ๐จ๐ณ๐ข๐ฅ๐ถ๐ข๐ต๐ฆ ๐ข๐ฏ๐ฅ ๐๐ณ๐ข๐ฅ๐ถ๐ข๐ต๐ฆ ๐๐ฏ๐ด๐ต๐ช๐ต๐ถ๐ต๐ช๐ฐ๐ฏ ๐๐ข๐ต๐ข๐ฃ๐ข๐ด๐ฆ๐ด, ๐ค๐ฐ๐ฑ๐บ๐ณ๐ช๐จ๐ฉ๐ต ๐๐ฆ๐ต๐ฆ๐ณ๐ด๐ฐ๐ฏ’๐ด, ๐๐๐