CollegeAdvantage Promotion: One More Day to Get $50 Bonus

This is just a quick reminder that Ohio CollegeAdvantage 529 Plan $50 bonus promotion , which started in September, will end tomorrow, December 15th. If you still want to take advantage of this promotion and receive $50 free money to jump start your college savings, follow these steps to open an account and set up a systematic savings program (SSP):

1. Go to CollegeAdvantage and open an account with reference code 2331122 and receive the first $25 bonus;
2. Once the account is opened, set up a SSP to invest in the plan automatically before January 31, 2010;
3. Receive another $25 bonus 90 days after the SSP begins.

CollegeAdvantage is one of the best 529 college savings programs based on Morningstar survey. The program is a direct-sold savings plan (i.e., you can purchase and invest in the plan without going through a broker) with low costs. The total expenses of different investment portfolios in the plan range from 0.23% to 0.47% for age-based portfolios (for these portfolios, asset allocation will be determined and adjusted as the plan approaches the target date). Portfolios in the plan are managed by such much fund giants as Vanguard and PIMCO. In addition to mutual funds, the plan also offers CDs for the absolute safety of the investments.

As I mentioned early, I use CollegeAdvantage to save for our younger daughter’s future education. In the past two and a half months, the account got big boost from those who have used my reference code to open their accounts because I also received the same amount of bonus. Thank you

photo credit: DeaPeaJay