Treasurer Smith Encourages Families to Hit Nothing-But-Net With College Savings Iowa
DES MOINES - State Treasurer Roby Smith is using March Madness season to encourage families to invest in their children’s education with College Savings Iowa. “There are less summers with your children before they head to college than there are minutes in half a game of collegiate basketball - now that’s madness,” said Smith. “While many of us are gearing up for the big tournament, I’ve created a list to help families learn about the ease of saving for education with the College Savings Iowa 529 plan.”
It’s a Team Effort
Just like basketball, saving for education shouldn’t be a one-person job. Grandparents, other relatives, neighbors, friends – you name it; anyone can open an account on behalf of a child. Maximize the savings by enlisting everyone on your team to have their own account for your student.
In basketball, the point guard is usually the team leader and controls the offense. Likewise, as a College Savings Iowa participant, you have all the control and decide where, when and how the funds are used, no matter your student’s age.
Pass the Ball
Did your child decide to take a gap year or forgo the higher education route? Don’t sweat it – you have options. Transfer the money to an eligible family member (sibling, cousin, etc.), keep the money in the account until they’re ready (funds never expire) or save it for yourself. The choice is in your court!
Customize Your Bracket
Arguably one of the most important decisions of March Madness is how you will fill out your bracket – especially when there’s money on the line. The same could be said about your 529 investments. Customize your portfolio to fit the timeline and needs of your student.
“Don’t wait until the final buzzer; start today by visiting CollegeSavingsIowa.com,” concluded Smith. “It’s simple, inexpensive and only takes 10 minutes. Swish – nothing but net.”
Connect with College Savings Iowa on Facebook and Twitter to stay up to date on current events and Plan updates. To learn more about College Savings Iowa, visit CollegeSavingsIowa.com or call (888) 672-9116. For additional details about the Plan, read the Program Description.