Ohio CollegeAdvantage 529 Plan: $25 Sign Up Bonus + Make $100 Per Couple!!

[hstanfi]

The Ohio CollegeAdvantage 529 Savings Plan is offering a $25 refer-a-friend bonus if you open an account and deposit at least $25 by June 30, 2010. You can be a resident of any state, and there are no enrollment fees and no annual fees.

If you’re not familiar with them, 529 plans are state-sponsored savings plans designed to help families save for future college expenses. 529 savings plans work much like a 401K or IRA by investing your contributions in mutual funds or similar investments. The plan will offer you several investment options from which to choose. Your account will go up or down in value based on the performance of the particular option you select.

Why Invest in a 529 Plan?
Tax benefits! Your investment in a 529 plan grows tax free, and withdrawals can be made federally tax-free if they are used for “eligible college expenses,” such as tuition, room and board, or textbooks. Unlike the Coverdell Education Savings Accounts, there are no income restrictions on who can contribute to a 529 plan.

Tax Benefit for Arizona Residents
Often, you want to invest in a 529 plan within your home state if your state offers tax breaks or other incentives for doing so. You can research your state’s tax treatment here. Arizonans are lucky – we get to shop around and choose whichever 529 plan we want, and still get a state tax deduction for it! Through 2012, Arizona taxpayers can deduct contributions to ANY 529 plan, up to $750 per individual taxpayer (up to $1,500 for joint filers) each year.

The Ohio CollegeAdvantage 529 Plan is Top-Ranked
The Ohio CollegeAdvantage 529 plan was named one of the top five 529 college-savings plans in this article by Morningstar.



From this chart, you can see the Ohio CollegeAdvantage 529 plan has the most investment options and some of the lowest management fees of all the state 529 plans. It also has a very low initial investment requirement of only $25.

Referral Bonus Instructions
Currently the newly referred person gets $25, and the referring person gets $50, and I’d love for you to help fund my future kid’s college aspirations. :D Here’s how you sign up:

1. You can enroll online or via mail. I enrolled online and it was super quick and easy, and I didn’t have to mail in anything.
2. The first step is to input your personal info and choose a login/password. Next, you’ll verify your e-mail and complete the application.
3. After that, you’ll choose your funding amount and select an investment fund. Your initial deposit must be a least $25, and is funded using the account/routing numbers of your bank account.
4. To get the bonus, you will need to enter a referral code at the end of the application. You can enter mine: 2512918.
5. In 1-3 days, your initial deposit will be taken from your bank account, and in 5-7 business days you will get your $25 bonus. The $25 will be deposited directly into the 529 account, and will be invested in the same thing as your initial deposit.
6. You must establish an account on or before June 30, 2010 to be eligible to receive the referral bonus.

How to Double Dip on the Sign-up & Referral Bonus
If a child has two parents, one parent may sign-up and then refer the 2nd parent to get another bonus, while both can list the same child as the beneficiary. This would result in $100 in bonus college savings PER COUPLE!! ($25 sign-up + $50 referral for 1st parent; $25 sign-up for 2nd parent). Plus, there is no limit to the number of $50 referral bonuses you can receive – so you can refer your grandparents, cousins, uncles, aunties, etc and rack in the $50 referral bonuses.

Don’t forget, you can sign up each of your children for their own account, so there’s even MORE potential for earning bonuses.

If you have yet to birth a child (like me), you can choose yourself or another family member as the beneficiary, and then fill out a Change of Beneficiary form in the future.

Please let me know if you have any questions or need more info!

[hstanfi]

Don't miss out on your chance to make an extra $100 (or more)!! Only a $25 deposit per person required. Let me know if you have any questions!!!

PS:
There are plenty of options for investing in the 529...since it's college savings, I personally went with a conservative option (TIPS - the VIPB fund), but they also have CDs with up to 5.0%APY guaranteed:
https://www.collegeadvantage.com/cas...d_Perform.aspx

[hstanfi]

Only 5 days left to jumpstart your college savings with $100!

[hstanfi]

Last day to sign up for the bonus!!! Don't miss out on FREE college savings!