In the realm of financial planning, few goals are as significant as saving for college. As parents, guardians, or future students, we recognize the importance of preparing for higher education expenses. National 529 College Savings Plan Day, celebrated annually on May 29, serves as a timely reminder to focus on this critical objective.
Why 529 Plans Matter
The Michigan Education Savings Program (MESP) offers a tax-advantaged way to save for the cost of higher education. Whether your child dreams of attending an accredited university, college, or vocational school in the United States or abroad, MESP provides a flexible and effective solution. Here are some compelling reasons to consider an MESP College Savings Account:
- Tax-Free Growth: MESP allows your contributions to grow 100% tax-free when used for qualified withdrawals. This means more money available for educational expenses.
- Flexible Investment Choices: Tailor your investment strategy to your preferences and risk tolerance. MESP offers a range of investment options to suit different needs.
- Accredited Schools: Funds from MESP can be used at any accredited educational institution, both domestically and internationally.
Get a Head Start on Your College Savings
To celebrate 529 Day, MESP is offering an exciting promotion. If you open a new MESP account between May 22, 2023, and May 31, 2023, you’ll receive up to a $100 head start on your college savings. Imagine the impact of this bonus as it compounds over time, supporting your educational aspirations.
How to Begin
- Visit the MESP Website: Take the first step by exploring the MESP website. Learn about the program, its benefits, and how to get started.
- Attend a Live Webinar: Join one of our live webinars hosted by MESP college savings specialists. These sessions provide valuable insights and answer your questions. Upcoming webinar dates include:
- Tuesday, May 9, 2023, at 12 p.m. EST
- Tuesday, May 23, 2023, at 12 p.m. EST
