Have you ever heard of a 529 plan? If not, here is a basic definition: a savings account that aids families in putting money aside each month for a child's future education.
I live in Arizona and we have a great 529 plan! Here are some awesome facts about AZ529:
- Earnings aren't taxed
- AZ contributors get a tax incentive (annually up to $1500 for couples or $750 for individuals)
- The money doesn't have to be used at an AZ school
- Anyone can contribute to the account
So how do you get started?
You can download the free AZ college planner at az529.gov!
Also, AZ529 is currently having a coloring contest for kids 14 and under to win a $250 scholarship!
**While I was compensated for this post, these opinions are my own and I chose to participate in this campaign because I fully believe in 529 plans. Yes, Jesse and I are starting one for Ry Guy!