(October 9, 2020) - Our daily lives are changing in ways we could not have imagined at the start of 2020, yet some things remain the same. Fall has arrived, leaves are changing colors, the air is cooler and we are pulling out our cozy clothes. We are buying our favorite hot drinks and wondering what family holidays will look like this year. Our family gatherings might be smaller or traditions modified, but the comfort food will be the same. (I can smell turkey dinner now!)
Plans have been altered many times this year, but hopes and dreams can remain. At WA529 we like to say “Dream Big...Plan Ahead”. We had no idea how applicable that would be in 2020. One day pandemic changes will be over and normal life will carry on. In the meantime, our children and grandchildren will continue to dream about becoming a teacher, a vet, a nurse or an astronaut. Dreams shared while walking through fall leaves or sitting around the family dinner table are priceless moments. Our children’s dreams will likely change over the years, but the need to fund their education will remain.
WA529 College Savings Plans (www.wastate529.wa.gov) offers two affordable plans for families to choose from. Both grow free from Federal Income Tax and are tax-free when used for qualified higher education expenses.
Guaranteed Education Tuition Program (GET), allows you to purchase tuition units at a set price today and use them in the future, avoiding long-term tuition inflation and stock market risk.
DreamAhead College Investment Plan allows you to choose from varying investment options and save money based on the market’s performance.
When you open a WA529 College Savings account, you give yourself peace of mind knowing every dollar you save now, is a dollar you will not need to borrow later. Dream Big and Plan Ahead - the future is coming!