Many of us in the working world understand what it’s like to put aside some of your earnings each month for retirement. The most popular form is the 401(k), which diverts pre-tax earnings into a separate savings account. Earnings diverted to this account are matched — dollar for dollar, up to a certain amount — by employers.
However, if you’re a parent (or plan on being one), you probably have another savings account into which you’re pouring post-tax earnings to help pay for your children’s education. This savings account is not buoyed by contributions of any sort, unless you have empathetic relatives who want to donate various sums each holiday.
That’s all about to change with EdAhead.
- With EdAhead, employers select a 529 savings plan for their employees and agree to match employee contributions up to a certain limit.
- You can use your 529 plan to fund higher education for yourself, your children, or even your relatives’ children.
- And the kicker: Employers also add up all the contributions they made to their employee funds each year and donate the total amount to the local public school where the business (or office) operates!
Want to send your child — or a relative’s child? — to college? Want to go yourself? Start investing in your future, or children’s futures, now.
Education is everyone’s business, so request your employer join us! Together we can help turn around the educational crisis in our country.