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Kentucky's KY Saves 529 Celebrates 529 College Savings Day on 5/29

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FRANKFORT, Ky. - May 20, 2019 - eTradeWire -- With 529 College Savings Day approaching, the state's official education savings plan, KY Saves 529, encourages Kentucky families to talk about saving for education at all levels.

"Saving for education is a high priority for many Kentucky families. With lowered fees and more features than ever, we're thrilled to offer KY Saves 529 as an education savings option," said Executive Director Eugene P. Hutchins of the Kentucky Higher Education Assistance Authority, which administers the savings plan. "There's truly no better time to get started."

KY Saves 529 can be used to save for education at levels: K-12, technical school and college. 529 plans take their name from the section of the Internal Revenue Code that governs such plans.

529 College Savings Day is celebrated May 29 to remind families to evaluate their education savings plans. It stresses the benefits of a 529 plan as an effective savings tool. KY Saves 529 offers tax-deferred growth potential and tax-free withdrawals for qualified expenses. It also has features that help account owners save even more, such as Ugift® and Upromise®. To learn more about KY Saves 529 or to enroll, visit https://www.kysaves.com or call toll free 877-598-7878.

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KHEAA recently welcomed Institutional Relationship Manager Joseph Wilcox, who will work with Kentucky employers and organizations interested in learning more about 529 plans and KY Saves 529. To find out how Mr. Wilcox can help introduce KY Saves 529 as a voluntary benefit or support your organization, please visit https://www.kysaves.com/engage (https://www.kysaves.com/home/engage/employers.html).

About the Kentucky Educational Savings Plan Trust
KESPT is the Commonwealth's official 529 education savings plan, which helps parents, grandparents, family and friends save for a loved one's education with tax advantages. It is administered by the Kentucky Higher Education Assistance Authority (KHEAA). Visit https://www.kysaves.com for more information about the Plan.

For more information about the Kentucky Educational Savings Plan Trust (KY Saves 529), call 877-598-7878 or visit https://www.kysaves.com to obtain a Program Description, which includes investment objectives, risks, charges, expenses, and other important information. Read and consider it carefully before investing.

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Before you invest, consider whether your or the beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state's qualified tuition program.

KY Saves 529 is administered by the Kentucky Higher Education Assistance Authority. Ascensus College Savings Recordkeeping Services, LLC, is the Program Manager. The Program Manager and its affiliates have overall responsibility for the program's day-to-day operations, including investment advisory services, recordkeeping, and administrative services.

Investment returns will vary depending upon the performance of the Investment Options you choose. Except to the extent of FDIC insurance available for the Capital Preservation Option, depending on market conditions, you could lose all or a portion of your money by investing in KY Saves 529. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Contact
David Lawhorn
***@kheaa.com


Source: Kentucky Educational Savings Plan Trust
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Filed Under: Education

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