A 529 Plan is a tax-advantaged way to save for higher education, as well as kindergarten through 12^th grade and certain career training costs. The earlier you start to save, the more your savings can grow over time!

Parsons offers Invest529, which you can use to pay for these qualified higher education expenses:

Invest529’s award-winning program can help you get started with as little as $10, and you can choose how much and how often to contribute in the future. Reach your goals faster and put your savings on autopilot with automated contributions from your bank account.

With Invest529, you have:

• Low Fees. There’s no online application fee, no annual maintenance fee and no withdrawal fee for qualified higher education expenses—and Invest529 administrative fees are among the lowest in the nation.
• Tax Advantages. Earnings on your accounts grow free from federal tax when used for qualified higher education expenses. Plus, Virginia taxpayers can deduct up to $4,000 per account, per year from their Virginia state income taxes. Note: Invest529 is available to employees who live outside of Virginia.
• Flexibility. Accounts can be used to fund qualified higher education expenses at schools nationwide and overseas.

Visit Virginia529.com where you can take advantage of these tools:

• Smart Savers Academy. Learn about your child’s future from the comfort of your home. Get education savings answers from industry experts through live webinars and an on-demand video library.
• Portfolio Selection Assistant. Use this tool to narrow down your investment options.
• College Savings Estimator, Cost of Waiting Calculator and Financial Aid Calculator. Determine your future higher education costs and plan your savings strategy.
• Invest529’s Investment Options. Review the underlying assets of each investment option and review their portfolio performance.