Posted byon March 16, 2012
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Many of you know one of my favorite bonuses is the Ohio 529 College Advantage sign up bonus. Over the years we’ve accumulated over a dozen accounts there, and I know many of you have also opened accounts there. Good news for existing customers… their newest bonus is for us!
And it should be easy, so you can squeeze in the $50 bonuses from College Advantage for Free Money Friday between tournament games!
Rollovers. Clearly, the best part of this offer is the inclusion of rollovers. Since they specifically state that rollovers from other 529 plans qualify as a contribution, there is a great way to work this offer! I usually contribute to our home state 529 plan for the state tax deduction, but my final destination is always the Ohio 529 plan. Now, I just have to make sure I get the transfer done in time to take advantage of the bonus!
The Bonus. They will credit the $50 bonus to the CollegeAdvantage investment option with the largest balance as of June 15, 2012.
Stacking. From all of the terms and conditions it appears that the bonus is one per account. If I have multiple accounts, I can get the bonus for each account by strategically moving money around.
Taxes. If your money will only stay in the account long enough to pick up the bonus, you can find out how to handle the taxes in How Do You Handle College Advantage 529 Plan Taxes?