Date and Time
Wednesday Aug 26, 2020
12:00 PM - 1:00 PM CDT
Location
WebEx - Information on how to join the meeting will be sent with the Registration Confirmation.
Fees/Admission
Open to the public
Website
Contact Information
Kayla Rombalski
Send Email
Description
During this session you will learn how easy it is to save with Edvest.
What is IT?
Saving for college is one of the most important things a parent will do for their child. Whether they want to go to medical school, become a teacher or learn digital animation, you can help make it happen with Edvest, Wisconsin’s 529 College Savings Plan.
Similar to the way your 401k retirement plan works, Edvest makes saving for higher education costs simple and affordable thanks to small minimum contributions, low fees and added tax benefits.
How it Works
Starting to save for higher education with an Edvest account only takes three simple steps:
1. Open an account at Edvest.com
2. Choose your investment portfolio
3. Contribute to your account regularly
That’s it.
Any earnings you acquire have the opportunity to grow tax-free. Wisconsin residents who contribute to an account may be eligible for a Wisconsin State tax deduction of up to $3,340 per beneficiary per year. *Limitations apply.
When used for qualified expenses, you can withdraw funds free from state and federal taxes, as well.
Savings Add Up
When you save with Edvest, any interest earned on your account may grow free from state and federal taxes. Conversely, if you borrow funds to pay for college, interest on the loan increases the amount you need to repay.
Start Early to Save More
Time is one of your most valuable assets when it comes to saving for college. The sooner you start, the more you can save. But don’t worry – it’s never too late to start. Even if you start saving when your child is in middle or high school, having some money set aside can help reduce their need to borrow.
Edvest at Work
Parents appreciate anything that can make saving for their child’s future simple and affordable. That’s why we’re pleased to share that Edvest is now available as an employee benefit to help employees save. Ask your employer to add Edvest to your company’s financial wellness program at no charge to the organization. Learn more, and access free resources for HR professionals at Edvest.com/benefit.
