Let the Growing Season Inspire You to Prepare Your Child for College
Start a ScholarShare 529 College Savings Account This Spring
(firmenpresse) - SACRAMENTO, CA -- (Marketwire) -- 03/27/13 -- , California's 529 , wants parents to know that spring -- a season of hope, beginnings and growth -- is the perfect time to start a college savings plan for their child or contribute to an existing account. Starting to save now can help make it easier for a child to pay for the college of his or her choice. It takes only $25 to open a .
Many families have discovered that opening a 529 college savings account can offer significant benefits. Any earnings can grow tax-deferred and are federal and California state income tax-free when used to pay for qualified higher education expenses. Establishing a early in life may help pay for higher education costs in the future.
ScholarShare has the tools to make it easier than ever for anyone to contribute to their child or loved ones' future . Families interested in saving for college can check out ScholarShare's new 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.
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 contribution limit. Established in 1999, ScholarShare currently holds more than $4.7 billion in assets in more than 242,000 accounts as of 12/31/2012. To sign up for an account or for more information about the plan, visit . For information about the 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 taxed. As a result, any funds withdrawn from the account to pay for qualified college costs are not subject to federal or state taxes.
The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the state of California.
TIAA-CREF Tuition Financing, Inc., Program Manager.
C9409
Contact:
Tawnya Bear
Rogers Finn Partners
Email:
Phone: 310-882-4017
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.03.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 243580
Anzahl Zeichen: 0
contact information:
Town:
SACRAMENTO, CA
Kategorie:
Education Aids and Products
Diese Pressemitteilung wurde bisher 194 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Let the Growing Season Inspire You to Prepare Your Child for College"
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).
