Saving for college or retirement? Here’s why April 15 is an important date for you.

Mel Barnes, SVP – Chief Operations Officer

What do you think when you hear the date April 15? Probably two of the most dreaded words (at least in America) in the English language: “Tax Day.” Shudder. However, April 15 isn’t all doom and gloom. It’s also a day of opportunity. Monday, April 15, 2019, is the final day you can make your annual maximum contribution for a college savings account (Oklahoma 529 plan) and an IRA. Here’s what you need to know.

  1. Oklahoma 529 College Savings Plan (OCSP): Whether you’re a parent or grandparent saving for a college-bound child, or a young person hoping to graduate with less debt, the OCSP is a great plan for everyone. When you invest in an OSCP, the earnings are deferred from federal and state taxes, and withdrawals are free too when used for qualifying education expenses. Find out more about the Oklahoma 529 College Savings Plan.

  2. IRAs: Retirees, remember to make your IRA contributions with us. We place your funds into a Certificate of Deposit with great rates (view rates here) and none of the worries of investing in the stock market. It’s a low-risk investment covered up to $250,000 by the FDIC. Now’s a smart time save towards your retirement.

 Whether you’re going to college (student) or Cabo (retiree), don’t forget the date—Monday, April 15, 2019. Want to learn more about the Oklahoma 529 College Savings Plan or investing in an IRA? Contact us.

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