A few years ago, I attended a dinner with ScholarShare to learn about California’s 529 plan. At that time, Munchkin was only 11 years old and the idea of further schooling hadn’t really sunken in. I was too consumed with her homeschool curriculum at that time that I kind of put the idea of the college savings plan on my mental back burner. Fast forward to 2015 with my daughter about to enter high school and now I’m irked at myself for not acting back then. That’s three years I could have been saving for her!
Match Your $50 on National 529 Day
Well, instead of procrastinating like I did, you should open up an account for your child(ren) now! With National 529 Day coming up on Friday, May 29th, you don’t want to pass up this chance. ScholarShare is offering to match your opening deposit of $50 if you open an account on 5/29. I just opened one and it was pretty easy. Don’t miss this chance to basically get a free $50 towards your child’s education!
National 529 Day is coming! For one day only, on May 29, open a 529 College Savings Account with $50 and ScholarShare will match your $50! Open a new ScholarShare account (and sign up for ongoing automatic contributions of $25 or more per month) on May 29, 2015, anytime from 12:01 a.m. to 11:59 p.m. (PST) to participate.
As a ScholarShare Ambassador, I was able to meet with some of the team to understand the program better. Though this is a college saving plan based in California, you and your children do NOT have to reside here. The benefits of joining the CA program is that it has one of the lowest fees and 19 portfolios to choose from. You don’t need to worry that you have to save 100% of their future tuition but every bit saved now is that much less borrowed later.
Account beneficiaries can always be transferred but you remain in charge of the account. That way, the funds don’t automatically fall into the hands of a wild 18-year-old and they can only be used tax free on approved educational expenses. This applies to books, off-campus living costs, community colleges, etc. Relatives and friends and e-Gift some contributions too if they want.
So as not to overwhelm you, I’ll share some more details in subsequent posts 🙂
Will you be opening a ScholarShare account on 5/29?
This post is part of my participation as a ScholarShare Ambassador, which includes compensation and a one-day event with travel expenses covered. All opinions are my own.