In an article recently released on AZ Free News, Daniel Stefanski writes that under Arizona Treasurer Kimberly Yee’s leadership, the Arizona Education Savings Plan (AZ529) has flourished. 33,632 new AZ529 Education Savings Plan accounts have been opened in 37 months, with assets increasing 16.6% to $1.89 billion. Stefanski states:
Yee serves as the Chairwoman of the AZ529 Plan Advisory Committee. According to its website, this committee “assists the Treasurer’s Office in promoting and raising awareness of the AZ529 Plan in accordance with A.R.S. § 41-179.” The Arizona 529 Plan “is a college savings plan named after Section 529 of the Internal Revenue Code sponsored by the State of Arizona,” and “is designed to provide a parent, grandparent, or anyone else an opportunity to save for a child’s educational dreams within a tax-deferred savings vehicle.”
This growth, endorsed by Morningstar’s ‘silver’ rating, showcases the effective management benefiting Arizona’s educational future.
See the full article here.