If you’re one of the many parents who are already concerned
about paying for their child’s higher education, the U.Fund is here to help!
The Children’s Museum in Easton will be hosting a date of the U.Fund Dreams
Tour as a part of Free Fun Friday on July 26.
The idea behind the U.Fund is for parents to have a safe
savings account for their child’s future. Parents do not pay taxes on any money
earned in their U.Fund savings account or on withdrawing money to pay for
educational expenses. Furthermore, “There’s no annual
account fee, no income restrictions, and you can start saving with as little as
$15 a month. Contributions can be made automatically from your bank account. “*
The U.Fund plan is a Massachusetts 529 college savings plan
operated by MEFA, Massachusetts Educational Financing Authority. The U.Fund “combines
significant tax advantages and age-based savings strategies managed
professionally by Fidelity Investments, program manager of the U.Fund. A 529
college savings plan lets you save for higher education expenses at colleges
and universities across the country, with flexible and affordable savings
options.”*
To promote this opportunity to parents, MEFA and Fidelity
are partnering up with museums and special events around Massachusetts on what is
called the U.Fund Dreams Tour.
On the dreams tour, the “activity pavilion” will give
children a chance to pose for portraits dressed up as their aspired future
profession i.e. astronaut, teacher, zoologist and more! Children will also get
the opportunity to create art depicting what they want to be when they grow up.
At the same time, parents will be able to learn about saving and planning for
their child’s future.
There are many opportunities to win money on both the U.Fund
Dreams Tour and on the U.Fund website here: http://www.mefa.org/mefaufund/
We hope to see your family at the Children’s Museum in
Easton, and take part in the U.Fund Dreams Tour!
*Quotes were taken from the U.Fund website and can be found at
http://www.mefa.org/mefaufund/.
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