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Take Advantage of PA Treasury Consumer Programs

On Tuesday, the Board of Commissioners met with PA Treasury Regional Relationship Manager Larry Booker to be updated on current programs available to Pennsylvania residents. There are plans that many Pennsylvanians are not even aware of. I have listed 4 of the programs below.

The 529 College & Career Savings Plans are designed to help PA families steadily and strategically save for future educational expenses. Treasury offers two plans; the PA 529 Guaranteed Savings Plan, which allows you to save at today’s tuition rates to meet tomorrow’s tuition costs, and the Morningstar Gold rated PA 529 Investment Plan that offers a variety of investment options. PA 529 plans have significant state and federal tax advantages and can be used for a wide variety of qualifying technical, collegiate, apprenticeship and K-12 educational expenses. To learn more, visit pa529.com or call (800) 440-4000.

The Keystone Scholars Plan jumpstarts educational savings by providing a universal $100 automatic, at-birth investment for every child born to a PA family on or after January 1, 2019. The program uses no taxpayer money, and the funds are invested by Treasury to grow as your child grows. Keystone Scholars accounts can be used for a wide variety of qualifying technical, collegiate, and apprenticeship educational expenses. To learn more, or to access your child’s account, visit pa529.com/keystone or call (800) 440-4000.

The PA Able Plan is a tax-advantaged way for disabled Pennsylvanians and their families to save for disability-related expenses while maintaining government disability benefits. PA ABLE allows for up to $18,000 in savings per year and up to $100,000 total without impacting means-tested benefits. Funds are easy to access and may be used for a wide-range of expenses. PA ABLE is helping Pennsylvanians with a disability to Achieve a Better Life Experience. For eligibility information and details, visit paable.gov or call (855) 529-2253.

The Unclaimed Property Program. The Treasury receives hundreds of millions of dollars in unclaimed property every year. They want to return it to its rightful owner. Currently, Treasury safeguards over $4B of unclaimed property in Pennsylvania! One in 10 Pennsylvania residents has unclaimed property – are you one of them? Be certain to search online, visit patreasury.gov, or call the unclaimed property team at (800) 222-2046 with questions.

Source: County Commissioner Randy Phiel

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