The Owl HR Exclusive - June 2024

The Path2college 529 Plan is a college savings plan established by the State of Georgia and is operated under the Georgia Office of Treasury and Fiscal Services (OTFS). This plan is administere d through TIAA-Cref. Path2College 529 Plan Easy & Convenient

Tax Advantages Your earnings, if any, are free from federal income tax when used for qualified expenses. In the meantime your contributions are reinvested automatically so your account can grow more than a taxable account over the same period.

With the Path2College 529 Plan you can open an account in just 15 minutes and easily manage it online or by mail. Simply set up recurring contributions from your bank account or by payroll deduction so that making regular contributions is hassle-free. Affordable Open an account with as little as $25 per investment portfolio, or $15 dollars per pay period using automatic payroll deduction. Since there are no application, sales, or maintenance fees, it’s affordable even for those on a modest budget.

Use at Schools Anywhere Funds can be used at any

accredited university, college, or vocational school nationwide — and many abroad. In addition, up to $10,000 annually can be used toward K-12 school tuition per student from all 529 plans.

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