Anyone can start today with no money out of pocket by enrolling through your employer if they offer SavvyFi. If not, ask your HR representative today.
Get a jumpstart on saving by starting while your child is young.
If you already have debt, you can use SavvyFi to help pay it off for good.
Save for grandchildren, family or friends; anyone can open an account.
Your earnings grow tax-free in a top tier 529 plan.
Vanguard®, automatically shifts your investments based on age.
Start saving for grandchildren, friends or even your own student debt.
Always know how your plan is coming together with our Intuitive dashboard.
Simply share a link to receive gifts and messages from loved ones.
Receive cash back that is deposited into your account when shopping at your favorite major & local merchants.
Our web-based platform requires no app download. Simply visit the link below from any device to sign up. You’ll create an account and add a beneficiary using their social security number, name and address. Your information is encrypted and secure. There’s no financial questions and you can get your college savings account set up in 5 minutes or less.
See your plan come together with our intuitive dashboard. Change your contributions, invite friends and family to send gifts and track all your progress. Choose a monthly savings goal that fits within your budget. You’ll always be up to date on your savings, college costs, and what your family can expect in terms of financial aid.
Put saving on autopilot with our cashback rewards program. Just link any existing credit card to your account, and each time you shop at participating merchants, you get a percentage of what you buy. It’s quick to link to your card account and it does not interfere with your current credit card rewards program.
Student debt is over $1.7 trillion. Many people want to save for college but don’t know where to start. With SavvyFi, all someone needs to do is provide some basic information about themselves and their future grad to open a 529 college savings account. Our unique features like gifting and cashback rewards help their grad look forward to a future without debt without them bearing all of the responsibility.
A 529 plan is an investment account that allows savings to grow tax-free if the funds are used for “qualified expenses” at “eligible higher education institutions.”This includes expenses such as tuition, room and board, and books. That means individuals get a boost on their investment earnings that wouldn't be available otherwise. Eligible institutions include four-year universities, community colleges, trade schools, and private K-12 schools. Qualified expenses typically cover most costs associated with attending school. Learn more at: https://savvyfi.co/what-is-a-529/
Anyone! You can open an account for your child, grandchild, niece, nephew, and even the neighbor’s kid – as long as you have their social security number. If you’re looking for a head start on your savings, you can even open an account for yourself and transfer it to your child at a later date.
The savings will be invested in a Vanguard age-based option through my529’s 529 program. Vanguard’s age-based option starts out with higher growth investment options when the future grad is younger and automatically reduces risk as a child approaches college age.
If the plan owner’s child does not attend college, there are many options for what they can do with the college savings. They can transfer the 529 account to another family member, use the funds for their own education, or withdraw the funds with a 10% penalty on their earnings to give their child a head start on other important financial goals.
Savvy Financial, Inc. (“SavvyFi”) is an investment adviser registered with the Securities and Exchange Commission. The investment advisory services referred to on this website are made available to U.S. residents only. This website shall not be considered a solicitation or offering for any service or product to any person in any jurisdiction where such solicitation or offer would be unlawful. Nothing in this website should be construed as investment, legal, tax, regulatory or accounting advice. Prospective investors should consult with their own legal, regulatory, tax, business, investment, financial and accounting advisers. While distributions to cover K–12 tuition are tax-free on the federal level, state tax treatment will vary, and you should check with your tax professional for details. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance.
