This Father's Day Give Yourself a Gift for the Future
Dad Can Prepare for the Future Cost of College by Starting a ScholarShare 529 College Savings Account for His Child
(firmenpresse) - SACRAMENTO, CA -- (Marketwire) -- 06/14/12 -- , California's 529 , showcases Father's Day as an opportune time for dads to start a college savings plan for their child or loved one. On a holiday marked by gifts of power tools and ties, dad can give his future self a gift by establishing a fund that can appreciate with time and ease the burden of saving for his child's college future. It takes only $25 to open a brand new and dad can instantly begin relieving the pressure of being unprepared for his child's future education costs.
Many families have grown to bear the burden of college tuition costs, but rising fees have led many hard-working families to struggle under the weight of massive student loan debt. Many fathers spend their entire life savings to secure the financial future of higher education for their children but with the rapidly rising cost of college, many fathers simply cannot save as much as they would like. Establishing a early in life can help dad maintain his loved ones' ability to pay for college without hampering his ability to provide for his family's daily needs.
ScholarShare has the tools to make it easier than ever for anyone to contribute to their children's or loved ones' future . Families interested in saving for college can check out ScholarShare's new online resource tools on their website. And through the "Give a Gift" option on its website, any gift giver can open an account for children of all ages or contribute to an existing account. 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 online with as little as $25 per investment portfolio. ScholarShare has no annual account maintenance fee, no income limit and offers a high maximum contribution limit of $350,000. The program currently holds more than $4.3 billion in assets as of 5/31/2012. More than 240,000 accounts have been opened since ScholarShare's inception in 1999. To sign up for an account or for more information about the plan, visit . For information about the SIB, visit . Follow ScholarShare on Twitter at (at)ScholarShare529.
Named for the section of IRS code under which they were created, 529 plans are highly regarded for their tax-advantaged status. Any earnings on investments can grow tax-deferred. Withdrawals, when used for tuition and other qualified higher education expenses, are federal and state income tax-free.
The ScholarShare 529 College Savings Plan Twitter page is managed by the state of California.
TIAA-CREF Tuition Financing, Inc., Program Manager.
C5162
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2012 - 17:27 Uhr
Sprache: Deutsch
News-ID 156725
Anzahl Zeichen: 0
contact information:
Town:
SACRAMENTO, CA
Kategorie:
Education Aids and Products
Diese Pressemitteilung wurde bisher 288 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"This Father's Day Give Yourself a Gift for the Future"
steht unter der journalistisch-redaktionellen Verantwortung von
ScholarShare (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
