Is a Florida 529 Savings Plan Worth It? Compare 529 Plan pros and cons plus get $50 added to your account free this fall with the Florida 529 Savings Plan promo code 2023. This post is sponsored by Florida Prepaid College Board. All opinions are my own.
Is a Florida 529 Savings Plan Worth It? $50 Promo Code for Fall 2023
Going, going, gone.
My 14-year old son started high school this fall. I am officially a mom of a high schooler.
“Don’t blink,” parents of high schoolers keep reminding me. “High school will be gone in a flash.” I believe them.
It’s unbelievable how time is a thief these days as I’m shuttling my son to his new school, marching band and baseball. Wasn’t he a tiny 6 pound 4 ounce baby just yesterday?
In less than 4 years, he’s going to be gone – off to college, new adventures and a new chapter of his life. Independent, strong, honest, caring – there’s so much more I want to teach and invest in my son. He is the next generation. And I feel like I’m running out of time. But with Florida 529 Savings Plans, we have flexibility and options, no matter what life throws at us – literally.
Are there benefits to a Florida 529 Savings Plan? Why should you get a 529 Savings Plan this fall during back-to-school season? Find out all of the pros and cons to a 529 Savings Plan and hurry to grab your $50 FREE this fall.
What Are Florida 529 Savings Plan Benefits?
Is a Florida 529 Savings Plan worth it? What are the benefits of a Florida 529 Savings Plan? If you have questions about investing in a Florida 529 Savings Plan, we have answers!
Florida 529 Savings Plan is another way that Florida Prepaid is helping families plan for the future. With more options, more flexibility and more control for YOU. Here are the most common Florida 529 Savings Plan questions answered:
Yes! The Florida 529 Savings Plan is ranked as one of the nation’s top 10 performing 529 Savings Plans by savingforcollege.com. Trusted by families, there are more than 118,000 accounts with over $1.1 billion value to date!
Your Florida 529 Savings Plan can be used nationwide, not just in Florida! Use your 529 Savings Plan to save for college at most higher education institutions (public or private colleges, universities, technical and trade schools nationwide) and for qualified K-12 expenses.
Use the money from your 529 Savings Plan to save for college and for qualified K-12 expenses (up to $10,000 annually) including tuition, fees, room, board, meal plans, books, computers, and supplies.
Yes! Signing up for a Florida 529 Savings Plan means that you can save what you want, when you want (starting as low as $25/month) and ensures tax-free growth on your investment!
ZERO! There’s $0 application fee and NO minimum contribution needed to open a Florida 529 Savings Plan. There is also no monthly contribution requirement. Save what you can when you can!
Yes! Choosing the best investment options for your family has never been easier, giving you more control on your earnings! A user-friendly website and new savings tools make it even easier to plan and save for your K-12 or college goals. You can choose from 3 investment strategy paths: simple, intermediate or advanced. You can also 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.
AWESOME! Florida 529 Savings Plans work together WITH Florida Prepaid Plans AND college scholarships for maximum college savings!
Yes! There are no hassles with your 529 Savings Plan. If you need to cancel or transfer your Florida 529 Savings Plan, you can do so, anytime!
No worries! You have the flexibility to cancel your plan and withdraw the remaining balance, you can transfer your plan to another family member, or you can transfer for future retirement savings!
The Florida 529 Savings Plan is exclusively available to beneficiaries living in the state of Florida.
Your Florida 529 Savings Plan is portable! Your plan travels with you, even if you move out of the state after opening a plan. Your 529 Savings Plan can be used at most colleges, universities, technical and trade schools nationwide.
A Florida Prepaid Plan is guaranteed by the state of Florida, with fixed payments to lock in future college costs at today’s rates based on your child’s age. If college costs increase unexpectedly, Florida Prepaid will pay the difference. A Florida 529 Savings Plan allows for more family flexibility, by contributing what you can, when you can. There is no age requirement, making it easier to invest in college savings on your timetable and your budget.
Yes, I never thought you’d ask! New for Fall 2023, Florida 529 Savings Plans are offering an exclusive $50 offer with this Florida 529 Savings Plan Promo Code 2023, just by opening an account, now through October 29, 2023. (See below for details!)
Florida 529 Savings Plan Disadvantages?
I wouldn’t say that 529 Savings Plans have cons, per se. I’d like to think of them more like options that may not be the best fit for your family. Are there disadvantages to having a Florida 529 Savings Plan? Here’s what you need to know:
- The Florida 529 Savings Plan is NOT guaranteed by the state of Florida. Like other types of investments, your 529 Savings Plan will experience highs and lows similar to the stock market, which is riskier than a fixed Florida 529 Prepaid Plan with a guaranteed rate.
- Penalties. If you need to withdraw funds not associated with qualified education expenses, you may need to pay a high penalty to do so.
- Possible fees. While Florida 529 Savings Plans work to keep fees low, there are fees to investing in a 529 Savings Plan.
- Time. While 529 Savings Plans offer lots of flexibility, there’s something to the early bird getting the worm. The sooner you open a 529 account and start contributing regularly, the longer your money has to grow. Your account also has longer to recover from market ups and downs. With a late start, you may need to invest higher amounts or adjust expectations to meet college savings goals.
Florida 529 Savings Plan Promo Code 2023 | $50 FREE!
Want to save even more on your Florida 529 Savings Plan this fall? Grab your exclusive Florida 529 Savings Plan promo code 2023! With back-to-school season here and on all of our parent minds, now is a great time to take advantage of your child’s higher education learning and the great Florida 529 Savings Plan benefits above with a FREE $50 offer!
Open a new 529 Savings Plan now through October 29, 2023 and get a $50 contribution added to your account for FREE! Get $50 just by opening a new Florida 529 Savings Account with this exclusive Florida 529 Savings Promo Code 2023 at checkout with promo code RAISFALL23. No minimums, no maximums, no automatic payments, no small print catch. Florida Prepaid has made it easier than ever to start saving for your child’s college future.
Watch Your College Savings Grow!
They grow so fast. And that’s why Florida Prepaid offers more than just College Plans. Get the flexibility you need and the choice you want for your child’s education by opening a Florida 529 Savings Plan today. Learn more about Florida 529 Savings Plans and get your top 529 questions answered.
Plus, HURRY and add $50 FREE to your account this fall with this Florida 529 Savings Plan Promo Code 2023 now through October 29,2023 at MyFloridaPrepaid.com. Be sure to follow Florida Prepaid via Facebook.com/FloridaPrepaid, Twitter at @FloridaPrepaid, and Instagram at @myfloridaprepaid for the latest updates.
Got Florida Prepaid and Florida 529 Savings Plan questions? We have answers! Check out these popular posts for more Florida Prepaid FAQ:
Do you have a 529 Savings Plan? What do you think are the pros and cons to saving for college now?
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