This Father's Day Be the "Dad of the Year"
Prepare for Your Child's Future College Tuition Costs; Open a ScholarShare College Savings Account
(firmenpresse) - SACRAMENTO, CA -- (Marketwired) -- 06/14/13 -- This Father's Day, , California's 529 , is encouraging all dads to be the dad of the year -- now and in the future -- by starting a 529 college savings plan for their child. Whether you're expecting a child or have a child finishing middle school, now is the time to open a brand new ScholarShare 529 , which takes only $25 to open.
According to the ScholarShare College Savings Survey, most California parents are worried about being able to afford the rising cost of college tuition; however, very few have started saving to help pay the costs for their child. Many families have discovered opening a 529 college savings account can offer significant benefits. Any earnings from your college fund can grow tax-deferred and are federal and California state income tax-free when used to pay for qualified expenses.
ScholarShare has the tools to make it easier than ever for anyone to contribute to your child's future . Families interested in saving for college can check out ScholarShare's online resource tools on their website. Through the "Give a Gift" option, any gift-giver can open an account or contribute to an existing one. College savings specialists are available for phone and in-person consultations at no additional cost to answer questions.
ScholarShare continues to offer flexible features for anyone interested in starting a college savings plan. Any US citizen, or resident alien with a valid Social Security Number or Taxpayer Identification Number, can open a new account on behalf of a beneficiary. Funds can be used at any eligible educational institution in the nation, and some abroad, for a variety of qualified higher education expenses, including mandatory fees, books, supplies, or even certain room and board costs.
ScholarShare accounts may be opened with as little as $25 per investment portfolio. ScholarShare has no annual account maintenance fee, no income limit and offers a high maximum account balance. Established in 1999, ScholarShare currently holds more than $5.1 billion in assets in more than 244,000 accounts as of 4/30/13. To sign up for an account or for more information about the plan, visit . For information about the ScholarShare Investment Board (SIB), visit . Like ScholarShare on Facebook at and follow us on Twitter at .
Named for the section of the IRS code under which they were created, 529 plans offer valuable tax advantages. Contributions are made with money that has already been taxed. Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified college costs.
The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the state of California.
TIAA-CREF Tuition Financing, Inc., Program Manager.
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Datum: 14.06.2013 - 15:00 Uhr
Sprache: Deutsch
News-ID 1237145
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