Let’s face it, education is expensive. In my last article, I touched on 529 plans , and now there are even better reasons to open this account for your child or grandchild.
The State of Maine offers several grants to Maine residents who open a 529 plan after July, 2013. There is an automatic $200 grant for opening the account, as well as a 50% matching contribution from the state up to $100 for 10 years. Another $50 grant is available if you choose automatic contribution payments.
Call me to take advantage of this great opportunity and to discuss other ways to plan for your child’s future.
Sarah Wadick, Accountant