State Treasurer Stacy Garrity announced upcoming webinars as part of America Saves Week, which runs through March 3.
America Saves Week is an annual event to encourage families to make informed choices when it comes to saving and protecting money, reducing debt and building wealth.
“America Saves Week is the perfect time to highlight Treasury’s great savings programs and let families across Pennsylvania know that we can help them save more effectively. I’m excited to work with the Pennsylvania Bankers Association and PHEAA for these webinars to help get the word out about the great financial resources available to Pennsylvanians,” Garrity said.
Treasury is partnering with experts to present the free webinars.
The America Saves Week webinar schedule is:
• Wednesday, March 1, at noon – Covering College Costs. Presented by Treasury and the Pennsylvania Higher Education Assistance Agency (PHEAA), this session will cover affordable ways to pay for college, including the benefits of PA 529 plans and other aspects of financial aid to cover funding gaps, such as PA Forward Student Loans.
• Thursday, March 2, at noon – Overview of Treasury’s Consumer Savings Programs. Presented by Treasury, this session will illustrate how families can use Treasury’s savings programs to build a brighter future, including PA 529, Keystone Scholars and PA ABLE.
The PA 529 College and Career Savings Program helps families steadily and strategically save for future education expenses. Treasury offers two plans: the PA 529 Guaranteed Savings Plan, which allows families to save at today’s tuition rates to meet tomorrow’s tuition costs, and the PA 529 Investment Plan that offers a number of investment options. Both plans offer significant state and federal tax advantages and can be used for a wide variety of qualifying technical, collegiate, apprenticeship and K-12 educational expenses.
Keystone Scholars jumpstarts educational savings by providing a $100 investment for every child born to a Pennsylvania family on or after Jan. 1, 2019. The program uses no taxpayer money, and the funds are invested by Treasury to grow as the child grows. The funds can be used after a child’s 18th birthday for a wide variety of postsecondary educational expenses.
PA ABLE is a tax-free way for Pennsylvanians to save for disability-related expenses while maintaining government disability benefits. PA ABLE allows for up to $17,000 in savings annually, and up to $100,000 total without impacting important benefits like Supplemental Security Income (SSI) and Medicaid.
To register for one or both of the webinars, visit pa529.com/webinars.
To learn more about all of Treasury’s consumer savings programs, visit patreasury.gov/consumer.
