Page 126 - Sample Financial Plan 4-1-2019 v2

Saving for education is an investment in a child’s future. On average, today’s college graduates
will earn almost double the income compared to those with only a high school diploma.
What’s more, the occupations available to college graduates provide more benefits, from
healthcare insurance to retirement savings. Plus, college graduates tend to be more satisfied
with their jobs and statistically live an average of seven years longer than non-college
graduates.

The reasons for college are clear, but finding a way to pay for it may not be. However, starting
early with an effective savings strategy can make the opportunity of college a reality. The
Oklahoma 529 College Savings Plan (OCSP) offers an affordable, tax-advantaged way to save,
and it’s the only plan with an Oklahoma income tax deduction.

Take some time to read the enclosed enrollment kit to find out more about the benefits of
OCSP. You can enroll by completing the enclosed application or online.

For more information about OCSP, visit ok4saving.org or contact one of our college savings
specialists at 877 654-7284.

Sincerely, Randy McDaniel
Oklahoma State Treasurer

“ Invest in
Randy McDaniel
your child and
Oklahoma State Treasurer
our state’s future!”
Chair, Oklahoma 529 College Savings Plan

OCSP at a Glance

Higher education is an important ingredient for success. The Oklahoma 529 College Savings Plan
provides an affordable, tax-advantaged way to save:

• State income tax deduction only offered with up to $10,000 annually per student from all 529
the Oklahoma 529 College Savings Plan. Plans.

• Low minimum contributions allow you to open an • Choice of schools nationwide and abroad.
account with as little as $100 per investment
option. If your employer allows payroll direct • Ability to transfer to another eligible beneficiary if
deposit, future contributions your designated beneficiary decides not to attend
college or has other funding options.
may be as low as $15 per investment option.
Or set up an Automatic Contribution Plan (ACP) • Low-cost plan management through TIAA-
from a checking or savings account as low as $25 CREF Tuition Financing, Inc. (TFI), a leader in 529
per investment option. college savings plan management, so more of your
contribution dollars go toward future college
• High maximum account balance allows
expenses.
you to invest up to $300,000 per beneficiary.

• Nine investment options that vary in
• Tax-free withdrawals from OCSP can be used
to pay for tuition, certain room and board costs, strategy and degree of risk, allowing you to select
computers and related technology expenses as well an option or combination of options to fit your life
as fees, books, supplies, and other equipment at a situation, risk tolerance and college savings goals.
post-secondary school (i.e. college or university). For additional information about the OCSP
investment options, visit ok4saving.org/research/.
OCSP distributions can also be used for K-12 tuition,