This Fall Reassess Your ScholarShare 529 College Savings Plan and Goals
ScholarShare Automatic Contribution Plan Makes Saving Simple
(firmenpresse) - SACRAMENTO, CA -- (Marketwired) -- 10/27/14 -- Fall is here and with another school year underway, your loved ones are a year closer to attending the college of their dreams. , California's 529 college savings plan, encourages parents and guardians to reevaluate your college savings goals to determine if you are saving enough to help pay for the cost of higher education.
Setting up a ScholarShare can help make saving for college simple and keep you on track toward achieving your goals. Parents and guardians can opt for payroll deduction of as little as $15 per pay period. You can also sign-up for automatic contribution online by logging into your account or complete and return the electronic banking information form offered on the website.
ScholarShare, named a top-rated 529 plan by Morningstar, a prominent ratings agency, has the tools to make it easier than ever for family and friends to contribute to a ScholarShare account. Through ScholarShare's "" option, family and friends can make a gift contribution to an existing ScholarShare account.
ScholarShare offers a wide variety of low-cost investment options. It also provides valuable tax advantages. Any US citizen, or resident alien with a valid Social Security Number or Taxpayer Identification Number, can open a new account. Funds can be used at any eligible educational institution in the nation, and some abroad, for a variety of qualified higher education expenses, including tuition, mandatory fees, books, supplies, or even certain room and board costs.
ScholarShare accounts may be opened with as little as $25. 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 $5.8 billion in assets in more than 256,000 accounts as of 10/10/14. 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 Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education costs.
The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the state of California.
TIAA-CREF Tuition Financing, Inc., Plan Manager.
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Datum: 27.10.2014 - 15:00 Uhr
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