Tip: State Savings Plans

Tip: State Savings Plans

If you're not happy with the particular state savings plan that your state offers, shop around. Many states allow and even encourage nonresidents to join their savings plan. However, as a nonresident, keep in mind that you won't be eligible for any special tax breaks offered to state residents who participate in the plan.


The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions.  For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor.