April 18, 2012

Open a 529 college savings plan account

As previous blog posts have informed you, a 529 account is a great tax advantaged way to save for your child's, grandchild's, niece's, or nephew's (or your own) college education. If you've been procrastinating, open the account today so you can be eligible to win $529 for your child's account. May 29 is National 5•29 Day & throughout the month the Utah Educational Savings Plan will be encouraging account members to share the news and increase the number of children with college savings plans. You can open accounts for children in other states and they can attend college throughout the US and abroad. Research shows that children are more likely to attend college if they have saved for the expense. Start an account for the kid(s) in your life and encourage them to contribute money they earn or receive as gifts.  With all the concern about growing student debt loads, help your young scholars save for their education to avoid or reduce their eventual debt load. Learn more about UESP 529 plans (among the highest rated state plans) at http://www.uesp.org and get details of the contest at:
http://www.uesp.org/UESP-Newsletters/2012/April/529-Day.aspx

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