This 2020 Florida 529 Savings Plan Promo post was sponsored by Florida Prepaid College Savings Plans. All opinions are my own. Take advantage of the 2020 Florida Savings Plan Promo and get up to $50 for free toward college savings!
The summer of 2020 will be one for the record books. Living in Florida with all of the wonderful sunshine and beaches has definitely helped me to keep my sanity. My family has found ways to have fun while still social distancing by boating, going on nature walks and visiting some of our favorite lesser-known beaches.
As summer break nears an end, I’m shifting my focus to preparation for the new school year. We’ve opted for e-learning through our county which is a good fit for us, since I am considered at-risk and have the ability to work from home. We’ll be using a different e-learning platform from last spring and our school has implemented a more structured e-learning system.
One thing I learned last spring is that the dining room table isn’t going to cut it in the long-term for remote learning. Some more separation between work and school space is greatly needed. We’ve spent some time this week doing some decluttering and moving things around in my daughter’s bedroom to make space for a new desk and chair.
Brighter days are ahead.
With all of the uncertainty surrounding the upcoming school year, it is good to know that you can count on college savings with Florida Prepaid. The future is still bright for our children. If you missed the Florida Prepaid Open Enrollment period earlier this year, you may find that a 529 Savings Plan is right for your family. And now is the perfect time to start saving with one thanks to this summer’s Florida 529 Savings Plan offer. Access to a college education for our kids is something we can all look forward to. If you’re thinking about saving for future college, you’ll want to check out this special limited time offer from Florida Prepaid to receive up to $50 for free into your newly opened 529 Savings Plan.
2020 Florida Savings Plan Promo Details:
If you open a Florida 529 Savings Plan from now through August 16, 2020, Florida Prepaid will seed your account with $25. Additionally, if you set up an automatic monthly contribution of $25 or more, they will add an additional $25 into your account. That’s $50 of FREE MONEY. Even the smallest amounts saved now can add up to a lot of possibility for our kids’ futures. This deal-seeking, coupon-clipping mama gets very excited about a promo offer like this!
What is a 529 Savings Plan?
This is an investment-based plan that offers families a flexible way to save as much or as little as they’d like for college and/or K-12 expenses on their own schedule. Investment earnings are not taxed as long as they are used for qualified education expenses.
What can a 529 Savings Plan be used for?
Funds in a Florida 529 Savings Plan can be used for any qualified higher educational expense, including but not limited to: tuition, fees, room, board, textbooks, technology equipment, graduate school and much more. This flexibility to use your (tax-free) savings as you see fit, for whatever your child may need. And should those needs change during his/her college years, individuals are free to adjust as well. You can also use it in-state or nationwide, but must be a Florida resident to open an account.
You can now also use 529 Plan savings for qualifying K-12 expenses, including tuition and mandatory fees associated with enrollment or attendance at an elementary or secondary public, private or religious school, up to $10,000. Not sure if a Florida 529 Savings Plan is right for your family?
Here are answers to some frequently asked questions:
I hope your family is enjoying these last days of summer. 2020 has been a tough year overall, but I hope you are out there capturing some fun family memories and are looking ahead to brighter days. You’ve got this!
Don’t forget to take advantage of summer savings with the 2020 Florida 529 Savings Promo! Open a Florida 529 Savings Plan from now through August 16th and Florida Prepaid will seed your account with $25. Additionally, if you set up an automatic monthly contribution of $25 or more, they will ADD AN ADDITIONAL $25 into your account!
Read these to learn more about Florida Prepaid College Plans:
5 Reasons to Open a Florida Prepaid Savings Plan for College
5 Key Steps to Getting Started with a Florida Prepaid College Plan