This is a sponsored post on behalf of Bloggin’ Mamas & the Florida Prepaid College Board. All opinions expressed are Babushka's.
HolaHolaHola Beautifuls!
It's summertime and the kids are in casa, enjoying their childhood, pero we all know that goes by so quickly. Before you've had the chance to dry out their swimsuits and make photo albums, they're off to college. Quee? BB exaggerating? JU SO FONII!!! Bueno, maybe not that rapido, but fast enough that you should be thinking about their education and the future it'll bring them.
Summer is the perfect time to put extra money away for college, especially with a little help from Florida Prepaid. Through June 30, if you open a tax-advantaged Florida 529 Savings Plan,
they'll seed your account with $25. Plus, set up automatic monthly contributions, and
they'll add another $25 as part of their
529 Summer Jump-Start Promotion.*
There is no age limit, you don't have to be a Florida resident to purchase and the plan can be used nationwide; so it's a flexible option for parents who don't want to commit to a Florida Prepaid College Savings Plan yet OR it can be used in conjunction with a prepaid plan to cover other expenses outside of the tuition and fees. For a full savings vs prepaid comparison, visit
myfloridaprepaid.com/faqs/savings-vs-prepaid-plans/
What is a 529 Savings Plan?
529 savings plans are named after section 529 of the Internal Revenue Code 26 U.S.C. § 529 and are designed to encourage saving for future higher education expenses of a designated beneficiary. Many states offer 529 savings plan options, including Florida Prepaid.
Money from a 529 plan can be used for tuition, fees, books, supplies and equipment required for study at any accredited college, university or vocational school in the United States and at some foreign universities. The money can also be used for room and board, as long as the fund beneficiary is at least a half-time student. Off-campus housing costs are covered up to the allowance for room and board that the college includes in its cost of attendance for federal financial-aid purposes. There is even an expansion that allows it to be used for K-12 educational expenses as well.
May 29 was National 529 day and Florida Prepaid is trying to increase awareness about college savings and the Florida 529 Savings Plan.
The Florida 529 Savings Plan – offered by Florida Prepaid
- The Florida 529 Savings Plan has been recognized as a Top 10 performer among direct-sold 529 plans for 10-year investment performance in Savingforcollege.com's latest quarterly performance rankings.
- They carefully select each of the investment management firms and constantly monitor
their performance.
- The 529 Savings Plan has more than 62,000 active accounts with a market value of more than
$527 million.
The Florida 529 Savings Plan can be started at anytime and there's no minimum deposit to open one. Even if you can’t save for your child’s entire college education, starting something is always better than doing nothing. The funds in a Florida 529 Savings Plan can be used for any qualified higher educational expense, including tuition, room & board, textbooks, graduate school and much more. This gives you extreme flexibility to use the funds as you see fit, for whatever your child may need. And should those needs change during his/her college years, individuals are free to adjust as well.
The Florida 529 Savings Plan offers you the ultimate in flexibility. Simply choose from the investment options, then contribute as much and as often as you’d like to suit your budget and goals. Each investment option, such as our popular age-based option that automatically allocates contributions based on the age of the child, is independently run by professional investment managers. There are 11 investment options let you invest in any way you feel comfortable. From more aggressive to more conservative options, and with age-based and fully customized approaches, you have as much control as you want over how much you invest and where it’s invested. And as the years go by, you’re free to change contribution amounts and how they are allocated at any time.
See the
website and
FAQ for more details.
*529 Summer Jump-Start Promotion Rules
• Enroll in a new Florida 529 Savings Plan by June 30, 2018 on
MyFloridaPrepaid.com, and you will earn a $25 contribution into your new college savings account.
• Set up automatic monthly contributions for your new account by June 30, 2018, for as little as $25 per month, and you will earn another $25 contribution into your account.
• This promotion is limited to the first 5,000 new accounts opened between May 29, 2018 and June 30, 2018.
• This offer only applies to new accounts opened between May 29, 2018 and June 30, 2018.
• Funds earned will be deposited directly into your Florida 529 Savings Plan account by August 30, 2018.
• The Florida 529 Savings Plan is an investment plan that may be used to set aside funds for future higher education and certain K-12 education expenses. Funds may be used tax-free to pay for any qualified higher education expense nationwide. Please review the Program Description and Participation Agreement for the Florida 529 Savings Plan for further details.
• The Florida Prepaid College Board will be the sponsor for all rewards.
• Sponsor reserves the right at its sole discretion to disqualify any individual it finds to be in violation of the Rules or any laws, or to be attempting to undermine the legitimate operation of the promotion by cheating, hacking, deception, or any other unfair practices.
• Details of the 529 Summer Jump-Start Promotion are at
MyFloridaPrepaid.com/529JumpStart
#StartingIsBelieving Twitter Chat
Join Bloggin Mamas
& Florida Prepaid as we host the #StartingIsBelieving Twitter Chat on Thursday, 6/14/18 at 9p
EST! Join us as we discuss (more info coming soon) (Plus, there will be some prizes too!)
Date: Thursday, June 14, 2018
Time: 9:00–10:00pm
EST / 6:00–7:00pm
PST
Hashtag: #StartingIsBelieving
Sponsored By: @FloridaPrepaid
Presented by: @BlogginMamas
Moderators: English–
@HeLoEnterprises Spanish–
@BBabushka
Co-hosts: @JustMarlaZ @RealAdviceGal @WorkingMomMagic @DiscoverSelf @paulabendfeldt
@coolchillmom @Mom_Junky@MTMEblog@GrowUpBilingual
Prizes
4- Florida Prepaid Prize Packs, including items like Slingpack or Backpack, water bottles, Frisbee, wristbands, and/or pencil pouches. ARV $75
Grand Prize
1- Florida Prepaid Prize Packs, including items like Slingpack or Backpack, umbrella, water bottles, Frisbee, wristbands, and/or pencil pouches. ARV $150
RSVP Prize
1– Florida Prepaid Prize Packs, including items like Slingpack or Backpack, water bottles, Frisbee, wristbands, and/or pencil pouches. ARV $75
Tweetshare:
May 30, 2018
Terms and Conditions
NO PURCHASE OR PAYMENT NECESSARY. A
PURCHASE WILL NOT IMPROVE YOUR CHANCE OF WINNING.
By
RSVP’ing to this event and utilizing the #StartingIsBelieving hashtag, the attendees acknowledge having read and agreed to these terms and conditions.
Rules and details .
Disclosure: Bloggin’ Mamas is being compensated for managing this Twitter Party. Individual co-hosts are being compensated for their participation. All prize fulfillment is the responsibility of the sponsor.
Nos vemos there Beautifuls!
BB2U
