“Real generosity toward the future lies in giving all to the present.” – Albert Camus
This holiday, give your younger loved ones the gift of higher education with a 529 plan. Let’s face it, they’re never going to put it on their wish list over an iPad or a Kinect, but, fortunately for them, they have someone as sagacious as you in their lives. They may not appreciate it now, but they will one day (and if they never do, well you have the option of passing it on, penalty-free, to someone more deserving)!
You can start a 529 plan by simply setting up recurring, monthly payments of as little as $50, or by an initial contribution of at least $500, with no mandatory monthly deposits. And if the low minimums aren’t incentive enough, please note that your investment is never taxable if used for higher education purposes such as tuition, books, supplies, fees, etc. “For 529 plan purposes, an eligible educational institution is any college, university, vocational school or other post-secondary educational institution eligible to participate in a student aid program administered by the U.S. Department of Education.”
In the past, we have done numerous, in-depth blogs about 529 plans and we encourage you to peruse these for more detailed information:
Have a wonderful Thanksgiving and please note, our office will be closed on Thursday, November 24th and Friday the 25th.
Best Regards,
Rollins Financial, Inc.
This holiday, give your younger loved ones the gift of higher education with a 529 plan. Let’s face it, they’re never going to put it on their wish list over an iPad or a Kinect, but, fortunately for them, they have someone as sagacious as you in their lives. They may not appreciate it now, but they will one day (and if they never do, well you have the option of passing it on, penalty-free, to someone more deserving)!
You can start a 529 plan by simply setting up recurring, monthly payments of as little as $50, or by an initial contribution of at least $500, with no mandatory monthly deposits. And if the low minimums aren’t incentive enough, please note that your investment is never taxable if used for higher education purposes such as tuition, books, supplies, fees, etc. “For 529 plan purposes, an eligible educational institution is any college, university, vocational school or other post-secondary educational institution eligible to participate in a student aid program administered by the U.S. Department of Education.”
In the past, we have done numerous, in-depth blogs about 529 plans and we encourage you to peruse these for more detailed information:
- Q&A Series - Tax Considerations for Establishing 529 Plans
- Q&A Series – College Savings Plans
- To 529, or not to 529 – That is the Question
- Q&A Series - Which Assets Affect Financial Aid Eligibility?
Have a wonderful Thanksgiving and please note, our office will be closed on Thursday, November 24th and Friday the 25th.
Best Regards,
Rollins Financial, Inc.
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