Good afternoon everyone, I hope you had a great weekend. A few years ago, when Laura completed her Master’s Degree, I helped her open a 529 college savings account so she could earn miles and points by buying Gift of College gift cards and using them to pay for tuition. Fast forward 5+ years, and I knew I wanted to do the same for Madison.
While researching 529 plans available in California, I came across CalKIDS (California Kids Investment and Development Savings Program). This is a state-funded initiative that helps children start saving for higher education. Every child born in California on or after July 1, 2023 is eligible for up to $175 in free college savings (read this post to learn more). In today’s post, I’ll walk you through how CalKIDS works with ScholarShare 529 and Gift of College eGCs.
