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Michigan Assignment Form

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[Music] Heather barthamus joins us from the Michigan Educational trust you're the marketing manager good morning good morning tell us what the Michigan Educational trust is all about the Michigan Education trust is the state of Michigan's 529 prepaid tuition Savings Program essentially you're buying college credits now at today's price and then met will pay out at Future tuition costs so it allows you to save for future education so I heard 529 does that mean there might be a tax advantage to investing in this as well as investing in a child yes definitely so um because it is a 529 and it is a Michigan 529 you get a state of Michigan income tax deduction on your contributions right and then it will grow taxfree if it's used for qualified education expenses in the future all right so I'm thinking this is a perfect holiday gift especially if grandparents or aunts and uncles or Mom and Dad yeah I mean you can always gift those toys but they&

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