This post is sponsored by Ohio's 529. All opinions are my own.
Back to school season is in full swing across the country. Things may look a little different this year, but some things will always stay the same. One of those things that is always the same is this: we can prepare our children for the future starting now. This back to school season I’m doing what we always do — investing in an Ohio 529 Plan.
What is an Ohio 529 Plan?
A 529 Savings Plan is a lot like a 401k. It’s an easy, tax-friendly way to save for your children’s higher education. Ohio’s 529 Plan can be used across the country for 2-year and 4-year programs as well as technical schools. Fun fact: Ohio’s 529 Plans can be used to fund your education nationwide — not just in the state of Ohio. And withdrawals from your plan are tax free when used for eligible education expenses.
Why now?
I used to be one of those people who would only (and could only) think about the here and now. But having kids changes a person. Now I can barely make it through a day without thinking about their futures and how I want to do everything in my power to set them up for success.
Whether your child is sixteen or 1, you can take steps today to prepare for their future education — even if you have no idea what that higher education may look like! By using this, you can calculate see how inaction can negatively impact your higher education finances. You don’t need to have a massive amount of money to get yourself started, so why wait?
How to get started
It’s honestly super easy to get started to open an Ohio 529 Plan. Here’s what you’ll need:
- Your ID, social security number, telephone number, address, your date of birth, and your mothers maiden name.
- The telephone number, social security number, address, and date of birth of your successor (someone to take over the account should something happen to you).
- And lastly, the date of birth, telephone number, address, and social security number of the person you’re saving for.
So why not take this change in season to reevaluate the future of your children’s education. Open an Ohio 529 Plan today!
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Your child’s future should be planned and prepared as much as they were young so that it would not be hassle on the future. These plans help a lot for their future.
It s amazing how quickly kids grow up and go off to college. Any planning you can do now is a huge help! Thanks for sharing these resources
It’s so important to make sure we and our kids are prepared for the future. There is no better moment to start saving for our kids college than right now.
What a great way to save – the price of education sure isn’t what it used to be. Glad you’ve shared this info that could help many!
Thanks for sharing your thoughts, I always planned on having one for my nephew.
It’s important that little onoes are as safe as possible, now that they’re heading back to school. This was a great resource to read through!
I’m so thankful my dad saved for my college tuition! It is definitely something you need to start ASAP!
529 plans are SO great for families. Everyone should have one.
glad you shared such valuable and helpful information though this is so damn useful and interesting one though…found it so helpful
Awww must be so weird sending them back to school! Thank you for sharing this helpful information! super helpful!
Good luck on the transition back into school and stay safe!
This is a smart plan. It’s always important to start putting money aside for school early. It adds up fast!
This sounds like a good plan to save for school costs. School can be pricey so this is good to have.
Oh right because you have not yet reopened the schools and you do distance learning. I hope that as for us in Italy you will be able to abandon it soon … children need to be among themselves, to go back to socializing!
This is really a great plan and its so important to plan well in advance for children’s future.
We tried to financially plan for the education of our children. But something went wrong. It’s a good thing that there are scholarships and free education now in public universities here.
nice
Education is so expensive, it’s important to start raising money for your children as soon as possible in order to offer them a good future. This plan sounds like a great investment.
Great post! I didn’t know this kind of plans worked nation-wide. My big one is already in college and my little one is a HS junior. I wish I would know about this when we came to America, 15 years ago.
Ohio 529 Plan sounds great! I am not a mom, but the parents of kids will find this post super informative. Education is quite expensive these days!
This sounds like a great financial plan to have on top of a 401 K or other savings plan. I’ll have to look more into this!
Kileen
cute & little
One of the reasons why I don’t wanna have kids yet is worrying that I may not be able to support them. Knowing there are things like these, makes me feel at ease.
I never heard of this plan! I learn something new every day. Thanks so much for sharing! I’ll be looking into this for my girls!