Kentucky’s 529 Plan Helps With Education Savings
Thousands of Kentucky students are struggling with ever-increasing tuition. The Kentucky Education Savings Plan Trust can help ease that burden!
Have you been saving for college? Does it feel impossible to meet your goals? I've had this discussion with new parents trying to decide which saving program is best. This is one option to consider for you and your family!
The Kentucky Education Savings Plan Trust (KESPT) can help you meet your goals and maximize your savings! It's never too late to start.
The Kentucky Education Savings Plan Trust (KESPT) is encouraging families to review their education savings strategy this tax season and consider the tax-free growth opportunity offered by Kentucky’s 529 savings plan. Not only can earnings grow tax free in a KESPT account, but withdrawals are also tax-free when used to pay for qualified education expenses.
“Families have many financial responsibilities, so we encourage parents to start saving while their children are young,” said David Lawhorn, KESPT program manager. “Families who make saving a priority often feel more prepared for education expenses as their children get older, and they have more time to take advantage of tax-free growth opportunity.”
Parents can open a Kentucky 529 account and get more information by visiting kysaves.com. It only takes about 15 minutes and it will change your life and the lives of your college bound children!
Saving for college can be a daunting task in today's economy so be sure to check this out today and see if it works for you!