As a grandparent you’re always there for your grandchildren. Don’t let college be an exception. There’s no better way to invest in your grandchild’s higher education goals than by opening a CollegeInvest 529 Savings Account or contributing to their existing 529 Savings Account.
A 529 Savings Plan is a tax-advantaged investment account specifically designed to save for future education expenses. Savings can be used at eligible colleges, trade schools and even apprenticeships nationwide. They can cover expenses like tuition, room and board, laptops and more.
Contributions to a 529 Savings Plan grow federal and state tax-free as long as the funds are used for specific expenses. Plus, for Colorado taxpayers, contributions to any CollegeInvest savings account are eligible for a deduction from your Colorado state income tax return1. As a 529 Account Owner, you’ll have control over the account, including how the funds are invested and when they are used, and you’ll even have the option to change the Beneficiary at any time.
Setting up a 529 Savings Account for your grandchild is a straightforward process. Here’s how to get started:
CollegeInvest has one of the broadest choices of savings plans in the country. Choose from our four plans.
It takes just 10 minutes to enroll in the plan of your choosing. We’ll provide you with a list of information you’ll need to complete the process.
Begin making contributions to the account regularly. Remember, even small contributions can add up over time.
Ugift® makes it easy for family and friends to contribute to your grandchild’s 529 fund. Plus, contributions may be deductible for Colorado taxpayers2.
As a grandparent, investing in your grandchild’s future through a 529 Savings Plan is one of the most meaningful gifts you can give. It not only provides financial support for their education but also demonstrates an ongoing commitment to their success. If your grandchild already has a CollegeInvest 529 Savings Account, you can still make contributions through Ugift®!
We’re here to support you on your journey to investing in your grandchild’s future through a 529 CollegeInvest Savings Plan. Whether you have questions about account setup, gifting options, or maximizing tax benefits, our knowledgeable team at CollegeInvest is ready to assist you every step of the way.
Call us today at 800.448.2424
Investment returns are not guaranteed, and you could lose money, including principal.