The wish lists are growing, and relatives are asking for gift ideas. Alongside the books, blocks and holiday surprises, consider something for the possibilities ahead: a contribution toward your child’s or grandchild’s future education.
Today, they might love dinosaurs, drawing or discovering how things work. You don’t have to know where those interests will lead to start saving. An Oklahoma 529 contribution can celebrate who they are now while helping you prepare for what’s next.
A gift for the possibilities ahead.
Oklahoma 529 is an education savings plan that helps families save for a child’s future education. Parents and grandparents can open an account, and loved ones can contribute over time.
There are tax benefits, too: any earnings grow tax-deferred, and withdrawals are free from federal and Oklahoma income taxes when used for qualified education expenses. Oklahoma taxpayers may also qualify for an annual state income tax deduction on contributions of up to $10,000 for single filers or $20,000 for married couples filing jointly. Limitations apply.
Savings can help cover qualified expenses such as tuition, books, computers and certain housing costs at eligible colleges and universities. They can also be used at technical colleges and trade schools—leaving room for different paths as children grow.
Holidays and birthdays can become reminders to add to those savings, turning a thoughtful gift into a family tradition.
Something to enjoy today—and save for tomorrow.
An education-savings gift can still come with something to unwrap. Pair a contribution with a book, art supplies or a puzzle that reflects what your child or grandchild loves. Tuck in a handwritten note explaining that part of their gift is for their future education. It’s a personal touch that connects today’s celebration with tomorrow’s possibilities.
Invite loved ones to join in with Ugift.®
When relatives ask for ideas, parents can offer education savings as another option. With Ugift, account owners can share a unique code so friends and family can contribute directly to a child’s Oklahoma 529 account.
Try a simple invitation: “If you’re looking for a gift idea, we’re also welcoming contributions toward our child’s future education.” It’s an option—not an expectation—and another way for loved ones to join in.
Start a holiday tradition with their future in mind. Visit Oklahoma529.com to learn more, open an account and start saving for your child’s or grandchild’s education.
To learn more about the Oklahoma 529, its investment objectives, risks, charges and expenses see the Plan Description at Oklahoma529.com before investing. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for Oklahoma 529. Consult your legal or tax professional for tax advice. If the funds aren’t used for qualified higher education expenses, a federal 10% penalty tax on earnings (as well as federal and state income taxes) may apply.
Ugift is a registered service mark.
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