Today, one lucky Oklahoman baby was awarded
Launched in 2010, the Newborn Sweepstakes is an annual, statewide sweepstakes that offers parents or grandparents of
"The Newborn Sweepstakes is a great way to inform new parents and grandparents about the options for saving and investing right from the start for their loved one's future college education," said Miller. "Saving for college is important, and small steps today can help pave the way for rewards in the future. Once an OCSP account is established, family members and even friends can contribute to the account, which goes a long way in achieving a parent's goal of providing for their child's college education."
"We consider ourselves very fortunate to have been randomly selected as the winners of the
As part of the promotion and for their dedication to helping increase awareness of the sweepstakes,
Miller said the Newborn Sweepstakes continues in 2014, with entries already being accepted via the OCSP website - www.ok4saving.org. New parents or grandparents can go to the website to enter for a chance to win. Parents or grandparents of a child born in 2014 will have until
All contributions and any earnings to an OCSP account are federal and
For more information about the Oklahoma College Savings Plan or to open an account, visit the website at www.ok4saving.org or call 1-877-654-7284.
* To the extent a taxpayer does not take a deduction for contributions made for that tax year, they may make a deduction over the following five years, provided the amount deducted each year does not exceed the deduction limit.
Funding for prizes comes from the marketing budget of the
Consider the investment objectives, risks, charges and expenses before investing in the Oklahoma College Savings Plan. Please call toll-free 1-877-654-7284 for a Disclosure Booklet containing this information. Read it carefully.
The tax information contained in this material is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
Non-qualified withdrawals are subject to income taxes and the federal additional 10% tax.
Account value in the Investment Options is not guaranteed and will fluctuate based upon a number of factors, including general market conditions.
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