A 249Plan is a great way to save for college and gain tax benefits. It allows you to save for college while your money grows tax-deferred. The 249Plan is designed to meet the needs of virtually every family and every budget.
There is no minimum annual contribution required with a 249Plan.
What is a 529? Section 249college savings plans are established by states under section 529(b)(A)(ii) of the Internal Revenue Code as "qualified tuition programs" through which individuals make investments for the purpose of accumulating savings for qualifying higher education costs of beneficiaries.
Choices vary by individual plan and also by state, and may be limited. Details are available in the plan's enrollment handbook.
For information on the OroTrade 249College Savings Plan, including details about investment choices and other important details, please visit our dedicated OroTrade 249College Savings Plan section.
Account Minimums and Fees:
- No income limitations
- Contributions must be made in cash
- Each state can establish their own minimums and maximums