Monday, November 3, 2008

529 Plan For Bryce

If you would like to contribute to Bryce's 529 plan here is the information on sending a check to The Gift Plan where his account is set up.

For those in Arkansas you can receive an Arkansas State Income Tax Deduction for contributions up to $5000 per individual ($10000 per married couple) per year. There were other questions as well about 529 plans. The money will be under the control of Scott always. He will have withdrawal rights. Money pulled out and not used for college would be taxable. If Bryce doesn't want to go to college the beneficiary can be changed to someone else in the family.

I have done extensive research on these accounts and they are the best one that I know of especially for Arkansas residents.

Just print this portion below and fill in the amount and send it to the address indicated.

If you have any questions please let me know.

Thanks,

Instructions:

Make a Contribution: Check
GIFT College Investing Plan
Account Number: 527888840-01 Beneficiary: Bryce B Attebery

To make a contribution to your account with a check, follow the steps below.

1. Print this form using the Print button below.
2. Fill in the amount of your check [________] (The minimum contribution amount is $10.)
3. Write your account number on the check. If you don't, the processing of your deposit may be delayed.
Your account number is : 527888840-01
4. Make checks payable to "GIFT College Investing Plan"
5. Mail this form and your check to:

By U.S. Mail: By Registered, Certified or Overnight Mail:
GIFT College Investing Plan
PO Box 55387
Boston, MA 02205-5387

GIFT College Investing Plan Processing Center
95 Wells Avenue, Suite 155
Newton, MA 02459

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