This post is sponsored by the ACPE. All opinions as always are my own. #AZ529 #AZCollegeSavings
One gift that we give our kids each year at Christmas (or anytime before the New Year rolls around really) is money that gets deposited straight into their AZ529 College Savings Plan.
We made the decision to start a college savings account for each of our kids, while they were still in diapers, knowing full well that with the cost of higher education rising incredibly fast, we’re bound to see college education costs be extremely high in 10+ years.
At 5, 3 and 1 years old, my kids certainly don’t see the immediate value in this gift but we’re confident that when they are 18 years old and have money for college, they will be grateful that we made this a holiday tradition.
I know what you’re thinking – just the thought of the cost of college for my children is scary. Don’t let the fear of the unknown stop you from preparing for the future! If you start saving now, it will put you in a much better position financially by the time your son or daughter is ready to hit a college campus.
The Details:
In our search for the best college savings option for our children, we came across the AZ529 College Savings Plan. We liked the plan benefits – Tax-free withdrawals, Tax Deductible, Tax-deferred earnings, low minimum investment required, no income restrictions) and decided it was best way for our family to save for our children’s futures.
Opening an account for your own child is extremely easy. Simply head over to AZ529 for more details and don’t forget to download the FREE college savings planner.
Saving for college can get overwhelming, but the planner is a great guide and talks about how much money you’ll need to save, depending on when you start saving.
It’s not too late to start saving now! Consider giving your kids or loved ones a different kind of gift this Christmas/New Year. There are many ways to give a gift; one of which is a financial gift in the form of a contribution to a 529 plan or opening up a 529 plan for your child. Like donating to a charity, contributions to a 529 plan are tax deductible.
Give them a gift they won’t outgrow.
Learn how you can give the gift of education and receive valuable tax breaks at az529.com/gift1
For more information on the Arizona College Savings Plan, feel free to check out their Facebook page and see what others are saying by following the hashtag #AZ529 and #AZCollegeSavings.
ACPE Financial Partners
