Saving for college and educational expenses can be a daunting task with many factors included in the equation. However, creating a savings plan doesn’t have to be complex.
In partnership with CollegeInvest, Employee Services provides University of Colorado faculty and staff the tools to succeed with Colorado’s 529 College Savings Program. A 529 savings plan allows you to use tax-advantaged savings plans specifically codified for higher education, whether that be for you, your children or even your grandchildren.
From noon – 12:45 p.m. (MT) Wednesday, Nov. 19, CollegeInvest will host a webinar presentation to explain the features and benefits of saving with a 529 tax-advantaged plan. As a bonus for attending, you will receive a free $50 starter account.
Highlights of the CollegeInvest program are:
- Colorado state income tax deduction for contributions
- Open an account with as little as $25
- Tax deferred growth and tax-free qualified withdrawals
- Savings can be used nationwide
- Four unique plans tailored to meet your investment style
- Account owner controls the money
- Beneficiary can be changed without penalty
- Direct deposit options make it convenient
- No income or age limitations
- Expert money managers
After registering, you will receive a confirmation email containing information about joining the webinar.