The Good Stuff: Educational savings made easy, sponsored by Capital South Wealth Management

Back-to-school season is here. Are you taking advantage of the state savings plans?

START K12 is a state savings program that allows you to save for private education for Kindergarten through 12th grade. It allows you to take a state tax deduction (saving you money), and earnings on the investments are tax-exempt (also saving you money) if used for K-12 education in Louisiana.

START 529 is a similar savings and investment program geared toward post-secondary education … think college, technical school, etc. The earning enhancement that is part of START 529 enables the state to match a parent or grandparent’s contribution up to 14% depending on income.

If you are a parent or grandparent, set up a consult with our advisors today to learn how to maximize your educational dollars.