Tax-Free College 529 Plan in New York!
Want to save up money for your child’s future education? You should think about applying for NY 529 Plan. It has a low fee and tax benefits in the future, so what are you waiting for?
1) What is the NY 529 Plan?
“It's a type of investment account you can use for higher education savings. 529 plans are usually sponsored by states.”
2) How to Apply for NY 529 Plan?
Gather necessary information, like Social Security number, your birth date, beneficiary’s Social Security, and their birth date
Setup an account by selecting your investment option, contribution method, and how to receive updates from them
Confirm your information
3) Why is the NY 529 Plan important?
If you are trying to save money for your child’s future education, NY 529 Plan is what you need to apply for. You do not need to worry about college tuition and expenses in the future for your child because NY 529 Plan has you covered.
4) Who can open a 529 plan account?
“Just about anybody can open a 529 account—parents, grandparents, other relatives, friends—as long as he or she is a U.S. citizen or a resident alien. As an account owner, you'll pick investments, assign a beneficiary, and determine how the money is used. If you're a New York State taxpayer, you can also benefit from the state tax deduction.”
InsuredTY’s mission is to serve all families from all backgrounds with industry-grade Life Insurance. If you are in the market for Life Insurance email us at support@InsuredTY.com. Thanks for the support!