529 Savings Plans vs. Other Savings Strategies: Which is Right for You?
Thinking about saving for college? You’ve got options.
But you may be asking yourself: What’s the best way to do this?
A traditional savings account? A Roth IRA? Crossing your fingers and hoping for scholarships? (Been there.)
The truth is—not all savings methods are created equal.
The biggest mistake parents make is choosing an option that sounds good but may not be in their best interest.
Here’s why a Florida 529 Savings Plan is the smart, stress-free solution you’ve been looking for:
Click the table to view full-size!
Source: Investopedia
Why a Florida 529 Savings Plan Wins:
- Tax-advantaged (Earnings are tax-free when funds are used for higher education expenses).
- Save at your own pace (Even $25/month makes a difference).
- Flexible spending (Use it for tuition, books, housing—even student loans).
- Customizable (Three investment strategies to fit your goals. Majority of families choose the Simple Enrollment Year Portfolio).
- Adaptable (Transfer it to another family member or roll over unused funds to a Roth IRA for the same beneficiary).
Basically, you get the best of all worlds—without the risks, debt, or stress.
The choice is clear: With a Florida 529 Savings Plan, you can start saving today—on your terms, at your speed. Future you (and your future college grad) will thank you. Use our savings calculator to see how quickly your savings can grow.
Ready to get started? Enroll in a 529 Savings Plan by June 30, 2025 and receive a $50 account contribution.
Still have questions? We’ve got answers! Explore our Frequently Asked Questions to learn more about our 529 Savings Plan.
