2020-2021 school year weighing heavily on your mind? Grab this 2020 Florida 529 Savings Plan Promo for up to $50 in college savings for FREE! This post is sponsored by Florida Prepaid College Savings Plans. All opinions are my own.
2020 Florida 529 Savings Plan Promo | Up to $50 FREE
Brighter days ahead. Or at least, that’s what I keep telling myself.
Today marks the deadline of whether we will choose to do in-person learning, e-learning, or homeschool for the 2020-2021 school year. And this decision comes with a heavy heart. It’s an impossible choice for our kids and our family, I can only imagine how my fellow parents must be feeling too.
But I still cling to hope. No matter what decision your family is making for your kids this school year and COVID-19, know that I 100% support you. Every family is different. Every choice is personal. And in the midst of it all, I know that our kids’ educational futures are bright.
You may know that parents invest in a Florida 529 Savings Plan for college futures, but did you know that these college savings can also be used for kindergarten through 12th grade too? Find out how to get up to $50 FREE with this 2020 Florida 529 Savings Plan Promo, plus get your most common questions about 529 Savings Plans answered.
10 Common 529 Plan Questions
I’ll admit, I’m no 529 Savings Plan expert. I’m still learning. But if you have questions on how a 529 Savings Plan can help your family save money on school and college expenses, these FAQ’s may help:
- What is a 529 Savings Plan? A 529 Savings Plan is an investment account that provides a flexible and tax-free way to save for college and/or K-12 expenses. Investment earnings are not taxed as long as they are used for qualified education expenses, including tuition, fees, room, board, books and supplies.
- What is a 529 Savings Plan used for? The Florida 529 Savings Plan can be used nationwide for qualified college education expenses, including tuition, fees, meal plans, room, board, books and supplies including computers and equipment. Investment earnings are tax-free as long as they are used for education expenses.
- How can I use a 529 Savings Plan for my child’s K-12 education? Given the current Fall 2020 school year and COVID-19 season, a 529 Savings Plan can provide savings for families choosing to do e-learning, in-person learning, combo of both and/or homeschooling for elementary and secondary school – kindergarten through 12th grade. Qualified expenses include tuition and mandatory fees associated with enrollment or attendance at an elementary or secondary public, private or religious school, up to $10,000.
- How is a 529 Savings Plan different from a Prepaid College Plan? A 529 Savings Plan gives you, the account owner, control of the account, and you get to choose how to invest to meet your budget and savings goals. Opening an account is FREE. You choose your investment options and begin to get back earnings, tax-free. Check out this handy side-by-side chart for a comparison of the Florida 529 Savings Plan vs. Florida Prepaid College Plan.
- What 529 Savings Plan investment options are there? There are currently 14 investment options available for a Florida 529 Savings Plan; you can build your own portfolio or choose the most popular option, the Age-Based Portfolio, which automatically adjusts over time as your child grows closer to college age.
- How long can a 529 Savings Plan be used for? There is no set time period to use your 529 Savings Plan. Also, your funds and flexible and can be transferred to another member of the student’s family.
- What if I have a 529 Savings Plan but then move out of state? Your 529 Savings Plan goes with you. A Florida 529 Savings Plan can be used at colleges, universities, trade and technical schools.
- What if my child does not to go to college? With a 529 savings plan flexibility, you can close and withdraw the remaining balance or transfer the plan to a family member.
- What if my child gets a scholarship? Great! Your 529 Savings Plan can still be used on other college costs like housing, books, or even graduate school.
- What if my child already has a Prepaid College Plan? It’s OK! You can use both plans together! You can use the 529 savings plan to cover other college costs like books, supplies and housing.
FREE Florida 529 Savings Plan Webinar
Still have more questions about a 529 Savings Plan? We have answers, for FREE! Jump into the FREE Florida 529 Savings Plan Webinar this week for more information to help you decide if a 529 Savings Plan is right for your family.
- When: July 23, 2020 at 12 pm EDT
- What: 5 things you need to know about 529 Savings Plans in a FREE 10-minute informational webinar. Answer questions you have about college savings, expenses, and financial planning for your child’s college future!
- Register: Hurry and RSVP for this FREE Florida 520 Savings Plan Webinar HERE.
2020 Florida 529 Savings Plan Promo | Up to $50 FREE
$50 FREE towards your child’s education future? Yes, please! Sign up for a new Florida 529 Savings Plan account by August 16, 2020, and you will earn $25! AND if you set up automatic monthly contribution of $25 or more, you will get another $25 from Florida Prepaid into your account. That’s up to $50 of college savings for FREE! But hurry, this 2020 Florida 529 Savings Plan Promo is only available now through August 16, 2020. Get more info and take advantage of this exclusive 2020 Florida 529 Savings Plan Promo at MyFloridaPrepaid.com/529summersavings/.
School savings is unique for every family, especially in this season of our lives. That’s why Florida Prepaid offers more than just College Plans. Get the flexibility you need for your child’s education by opening a Florida 529 Savings Plan. Plus, HURRY and grab your school savings this summer with this 2020 Florida 529 promo offer now through August 16, 2020. Get up to $50 for free at MyFloridaPrepaid.com/529summersavings/. Be sure to follow Florida Prepaid via Facebook.com/FloridaPrepaid and Twitter at @FloridaPrepaid for the latest updates.
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