By combining innovative financial technology, the power of community gifting, and tax-efficient investments, Sootchy’s mobile app makes it easy to help a child, grandkid, or other loved one save for college.
Clients who download the Sootchy app are able to open a tax-advantaged 529 Education Savings Account in a matter of minutes. What’s more, the client can utilize Sootchy’s gifting feature to leverage the power of family and friends to help fund a child’s education goals. Contributions to these 529 Accounts grow tax-deferred and can be withdrawn tax-free for qualified education expenses at colleges, trade schools, universities, and other educational institutions.
With college costs expected to continue to rise significantly above inflation, the burden of student loan debt on new graduates will also continue to rise. It is, therefore, more important than ever for parents to start education savings account for their children as soon as possible. Visit our website or the Appstore to learn more.
The information provided above is for informational purposes only and is not investment, tax, or legal advice. Please consult your tax, legal, and investment consultants before making the decision to invest via the Sootchy mobile app.
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