Looking for a more non-traditional way to save for college? I have 6 reasons to open a Florida 529 Savings Plan in 2019.
This post is sponsored by the Florida Prepaid College Plans as a my role as Believer Blogger. All opinions on the Florida 529 Savings Plan are my own.
6 Reasons to Open a Florida 529 Savings Plan
Who’s ready to make a splash into summer break? I know we are definitely ready for no more homework, no more teachers, no more crazy early mornings. Give us more pool days, more beach days, and more long nights that include hardcore family game board excitment. While you get ready for the fun summer days, I have to remind you that it’s also the perfect time to think about college.
I totally get it, college is not always the fun topic but after I opened a Florida Prepaid College Plan for each of my kids, I felt a relief knowing their future was secure. If you’ve been wanting to save but a Florida Prepaid Plan isn’t in your budget I have great news for you. What if you could save at your own pace? It’s possible with a Florida 529 Savings Plan. I have come up with 6 Reasons to Open a Florida 529 Savings Plan which should help you make your decision easier.
- FLEXIBILITY
Families can start saving at any time and save any amount of time. Florida Prepaid offers 11 investment options so that families can be as conservative or aggressive as they feel comfortable. If you’re still unsure of the differences between a Florida 529 Savings Plan vs Florida Prepaid College Plan check out this great side-by-side comparison chart. It is extremely helpful.
- EASE TO JOINING
Within 10 or so minutes you’ll be off the computer and back to the summer fun. Florida Prepaid does all the work to invest the best way for you.
- GREAT ADD-ON ACCOUNT
Florida 529 Savings Plans and Prepaid Plans work so well together! While your Prepaid Plan cover tuition and most fees, your 529 Savings Plan can cover things like housing, books and more!
- TAX-FREE
Funds can be used nationwide and may be used tax-free to pay for any qualified higher education expense.
- IT’S NOT TOO LATE
If you missed the Florida Prepaid Open Enrollment this year, I still have good news for you! There is a Florida 529 Savings Plan that you can enroll in today. You don’t have to wait for an Open Enrollment period to lock in low monthly rates like a regular Florida Prepaid Plan. Anytime is a great time to open a Florida 529 Plan and since friends and family can also contribute to the account, it makes saving even that much easier.
529 SUMMER JUMP START
To coincide with National 529 Day (5/29), if you open a Florida 529 Savings Plan from now through May 29, Florida Prepaid will seed your account with $25. If you set up an automatic monthly contribution of $25 or more, we will add another $25 into your account! The extra $50 you could receive makes it the perfect time to sign up.
As an investment-based plan that offers families a flexible way to save as much or as little as they’d like for college on their own schedule, I cannot think of a better way to invest in college if you have a tight budget. There are aggressive and conservation investment options available which makes it great for any family.
