Oklahoma 529 is celebrating National 529 Day with a special bonus offer of up to $100 when opening a new account. The promotion, which ends 6/9/24 is designed to encourage parents, grandparents and other family members to start saving for future education costs.
“As I meet with families, I am frequently asked how best to save for education. My answer is always the same. Open an Oklahoma 529 account.” commented State Treasurer Todd Russ. “We hope this offer is the incentive Oklahomans need to get started on their college savings journey – there’s no better time.”
Oklahoma 529 is offering two bonus levels, $50 and $100. Individuals who open an account and deposit $500 with a recurring contribution of $50 or more per month until 11/30/24 will receive $50 added to their account. Those with a minimum deposit of $1,000 in a new account and recurring contributions of $100 or more per month until 11/30/24 will see $100 added to their account.1
The special bonus offer is just one reason to invest with Oklahoma 529. Research shows that state families see the value in saving for higher education and the Oklahoma program consistently receives high marks from people across the state.2
- 82% of Oklahoma 529 account owners are likely or very likely to recommend the plan to others
- 88%+ of Oklahoma parents who are saving for higher education report that it is one of the most important things they can do
- 84%+ of these parents “really want” their children to attend college
Oklahoma 529 can be an ideal way to save because it can be used for additional educational opportunities or rolled over into a Roth IRA if plans change.3
To take advantage of this National 529 Day bonus offer. National 529 Day is a day dedicated to raising awareness about the value of planning and saving for higher education expenses with 529 plans.
About Oklahoma 529
The Oklahoma 529 is the State’s official 529 college savings plan and makes it easier for families to save for education expenses. Funds saved can be used at eligible colleges and universities, community colleges, CareerTech, and professional or graduate schools nationwide and many abroad. In addition to tuition, funds may be used for certain housing and food expenses, books, computers, supplies or other qualified expenses.
1. Visit Oklahoma529.com/529offer24 for terms and conditions. Promotion ends 6/9/24. Sponsored by TIAA-CREF Tuition Financing, Inc.
2. TIAA study of over 5,000 Plan Account Owners and college savers in multiple states, fielded Sept – Oct, 2023.
3. Funds rolled over to a Roth IRA can be withdrawn free from federal taxes. For Oklahoma taxpayers, these withdrawals are subject to recapture of Oklahoma income tax deduction and state income tax on earnings. Account Owners and Beneficiaries should consult with a qualified tax professional before rolling over funds from their 529 plan to contribute to a Roth IRA.
To learn more about the Oklahoma 529, its investment objectives, risks, charges and expenses see the Plan Description at oklahoma529.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for Oklahoma 529.
