MADISON, Wis. (May 15, 2024) – Throughout the country, students and families are anxiously anticipating graduation season and the start of summer. To celebrate the end of the school year, and to coincide with National 529 Day, Edvest 529, Wisconsin’s onlydirect-sold 529 college savings plan, is offering families a special incentive to jumpstart their college savings journey with a match deposit offer.
Edvest 529 $50 or $100 Deposit Incentive
Individuals who open a new Edvest 529 account between Monday, May 20, and Friday, May 31, 2024, will be eligible for the $50 or $100 bonus incentive.
- For the $50 bonus – simply open an account during the offer time with a deposit of $250 or more and set up recurring contributions totaling $50 or more per month until November 30, 2024.
- For the $100 bonus – open an account during the offer time with a deposit of $500 or more and set up recurring contributions totaling $50 or more per month until November 30, 2024.
For more details about the incentive and to open an account, visit Edvest.com/summer24.
“Saving for a loved one’s higher education can seem overwhelming, but the most important thing a family can do is simply start. We hope the Edvest 529 summer savings bonus promotion offer and initiatives like National 529 Day give families the spark they need to start saving for a loved one’s future education,” said Wisconsin Department of Financial Institutions Secretary, Cheryll Olson-Collins. The Wisconsin Department of Financial Institutions administers the Wisconsin 529 College Savings Program, which includes the Edvest 529 college savings plan.
Edvest 529 Accounts – Not JUST for Parents
Edvest 529 accounts are not just for parents saving for their children’s education. Almost anyone* can open an account and save for a loved one’s future education.
Wisconsin taxpayers saving with an Edvest 529 account can get triple tax benefits, including a Wisconsin state income tax deduction of up to $5,000 per year (per beneficiary), tax-deferred growth on earnings, and 100% tax-free withdrawals for qualified expenses.
Even better, the Wisconsin state income tax deduction for contributions made to an Edvest 529 plan is available to any Wisconsin taxpayer, not just the 529 plan account owner. If you are a grandparent dreaming of giving your grandchild a gift that could last a lifetime, or an aunt, uncle, or family friend looking for a unique and meaningful birthday or holiday gift for a special child in your life, consider opening and/or gifting to an Edvest 529 account.
For more information about Edvest 529 and to open an account, visit Edvest.com, or follow us on Facebook and Instagram.
About Edvest 529
For more than 25 years, Edvest 529 – Wisconsin’s direct-sold 529 college savings plan – has been helping families save for higher education expenses. Account owners can choose from 24 investment portfolios, access easy-to-use savings tools, and take advantage of in-state tax benefits for Wisconsin taxpayers. Edvest 529 has earned numerous accolades, including being named Silver by Morningstar Investment Research and Management Firm for the second year in a row, earning a 5-Cap Rating by SavingForCollege.com,1 and a 2023 Platinum MarCom Award for website redesign.2
Edvest 529 is a tax-advantaged investment, meaning contributions to an account may qualify for a 2024 Wisconsin state income tax deduction of up to $5,000 per contributor per beneficiary, per year, for single filers or married couples filing a joint return. The plan has no sales charges, enrollment fees, or annual account maintenance fees. In fact, Edvest 529 is the fifth lowest-cost 529 college savings plan in the nation.3
Want more details?
Check out our “What is the best option for college savings” video in our new College Savings Connection video series for more of a breakdown of Edvest 529’s tax benefits.
