Invest In Your Child’s Future Today!

August 31, 2022

It seems like back-to-school time is always a rush. One minute you’re kicking back by the lake with your family and the next you’re trying to figure out why on earth your child needs not one, but four 3-inch binders?! And then, all of a sudden you blink, and they’re off to college! We get the struggle – like summer, the school years go by fast. With Achieve Montana, though, you don’t have to be caught off guard.

September is College Savings Month and the perfect time to begin saving. Opening an Achieve Montana 529 plan is one of the best ways you can prepare today for your child’s future (without the rush).

What is a 529 Plan?

A 529 plan is a tax-advantaged savings program designed to help you save for your child’s college education. You can use the money in your account to pay for tuition, fees, books, and even certain room and board costs. And not just at Montana schools! The funds can be used at eligible schools all across the country – including two and four-year colleges, apprenticeships, trade and technical institutes, and graduate school.

BENEFITS OF SAVING EARLY

*This chart assumes an initial contribution of $3,000 and a hypothetical 6% return on investments. Calculations are based on bankrate.com/calculators/savings/simple-savings-calculator.aspx. Hypothetical results are for illustrative purposes only and are not meant to represent the past or future performance of an actual investment in any particular 529 plan or any taxes or penalties payable upon distribution.