EDVEST 529 Child Savings Account
Congratulations to Aubry Pataconi on winning the $200.00 Edvest 529 College Savings Account! The University of Wisconsin Extension—Florence County has partnered with Edvest 529 to gift one Florence County Elementary student a $200 College Savings Account at the Florence Elementary School Open House. Aubrey has shared that she wants to be a pediatrician when she grows up. With the $200 deposit to start her account, family and friends can now continue to save to help her reach her educational goals. The University of Wisconsin- Division of Extension Florence County is educating and providing more opportunities for area families to understand why and how to save early for a child or grandchild’s future education. Extension Educator, Tierany Rugg, and Edvest Representative, Chelsea Wunnicke both attended the Florence Elementary School Open House, where they enjoyed talking to over 100 students and parents about their education and career goals. While elementary school may seem early to start thinking about paying for college, Wunnicke shared, “It is never too early, or too late, to begin saving and planning for a child’s education and career training. Every dollar saved now, could be one less dollar of student loan debt needed in the future, which can have a huge impact.” Edvest 529 is Wisconsin’s direct-sold 529 College Savings Plan, offered through the State of Wisconsin Department of Financial Institutions. Wisconsin taxpayers who save in the Edvest 529 Plan may qualify for Wisconsin state income tax deductions for saving for their loved ones’ future educations, subject to annual limits. The goal of their joint outreach, according to Rugg, is to encourage families to think about saving for a child’s future, no matter what path they might take. “Saving even a small amount of money for a child’s future helps them know that someone believes in them, whether they use it for college, career training, or another path, it helps them see that their dreams are possible.” Funds saved in an Edvest 529 account can be withdrawn tax-free for eligible educational expenses, which include tuition and fees, and required books and supplies for many types of post-secondary programs, including 4-year and 2-year public and private colleges nationwide, technical colleges, and registered apprenticeship programs. To encourage more families to begin saving, Edvest is offering a bonus promotion for new accounts opened between September 9th, 2024 through September 27th, 2024. More information can be found at https://www.edvest.com/bonus24 To learn more about upcoming programs of University of Wisconsin Extension—Florence County, please visit: https://florence.extension.wisc.edu/
