Thursday, May 19, 2016

Planning with MACS

This post was sponsored on behalf of Mississippi Affordable College Savings (MACS) program. All opinions are my own.

Watching your child move from one year of school to the next is definitely bittersweet.  I absolutely love celebrating how much Emmie has grown and how much she has learned over the course of the past 9 months.  But, it's just mind-blowing how quickly it all goes.

It was just yesterday that I was sending that chubby-cheeked baby to preschool.

And now? She's transformed into a precocious, funny, witty little girl.  I can't believe there is less than a 2 year gap between these two pictures.  What's even crazier is how much she has matured and learned in that short time.

I know the next 14 years are going to continue at this crazy pace.  Before we know it, she'll be graduating from high school and off to pursue her dreams. So, Noah and I are already planning for her future (and her little brother's, too).  We want Jackson and Emmie to have options available to them that allow them to pursue whatever dreams they might have.

We were so excited to find about a current promotion that the Mississippi Affordable College Savings (MACS) program is offering all throughout the month of May.  To celebrate "5/29 day," by opening a MACS account with $100 and signing up for Automatic Contributions, you qualify for MACS to add $50 after three months.  Even if you already have a MACS account you can qualify for the automatic contribution promotion!  You can learn more about this promotion here.

If you aren't familiar with MACS, it is Mississippi's 529 college savings plan.  It works like a Roth Retirement Account. Your contributions grow tax-free along the way & are tax-free when you use the money for college. The money saved with MACS can be used at an accredited college or university in the country (& even some abroad) toward things like college costs, tuition, room & board, computer, any supplies required by the school.  And if one child doesn't use the savings, you can always roll it to the next one!  Plus, as an added bonus, Mississippi state taxpayers receive a state tax deduction on the contributions you make to MACS each year (up to $20K for joint filers and $10K for single filers).

If you've been planning on starting a college savings fund for your child but just haven't gotten around to it, this is a fantastic time to get going!  Want to find out more about Mississippi Affordable College Savings Program?  Check out their website!