Your children have the potential to receive a college education without taking out a student loan. Sootchy can help them do it.
Sootchy is a user-friendly app that allows families to save money for their childrens education by opening a 529 savings account. And, with the click of a button, link to Sootchy’s gifting site that lets family and friends contribute to the plans and maximize their benefit.
EASY TO USE
Sootchy is a technology platform that provides students and families with a potential alternative to student loans and debt by making it easy to open up a 529 account and gain contributions from family and friends.
A VARIETY OF EDUCATION OPTIONS
*Four-Year University
*Two-Year College
*Culinary School
*Trade School
*Art Institute
*K-12 Private School (tuition only)
FRIENDS AND FAMILY CONNECTIVITY
Invite family and friends to contribute to your educational savings.
WHAT IS 529?
Though they all fall under the auspices of Section 529 of the IRC, there are many different types of 529 Accounts out there, almost all of which are administered at the state level. In fact, each state has its own unique 529 plans, which can come in one of three forms: a prepaid tuition plan, a college savings plan, or an ABLE (or 529A) account. As money is put into the account, it is invested by the plan administrator, potentially earning significant sums over the years and building up the resources available to pay for your child’s college education. Under Section 529, this income is entirely exempt from federal income taxes, so long as it’s put toward qualified expenses, such as tuition, and some states offer their own financial incentives on top of the federal tax break.
PAYMENTS
Sootchy works with AuthVia and Plaid, two powerhouses in the world of payment processing and security, to provide our users with a seamless way to start saving for your kids’ education.
QUESTIONS
We would love to hear from you! Feel free to email us with questions or comments at [email protected].
For technical support, email [email protected].
DISCLOSURES
Some, but not all, of the services provided through the Sootchy App may be provided by Sootchy Securities, LLC, a Registered Investment Advisor, registered with the Securities and Exchange Commission (SEC).
This description and disclosure does not create or modify any agreement, relationship, or obligation between you and Sootchy Securities and is not a recommendation regarding any product or securities. All investments carry a risk of loss including loss of principle. Please consult our Client
Agreement, Form ADV PART 2 Brochure, Form CRS, E-Delivery Agreement, Terms of Use and Privacy
Policy for the terms and conditions that govern your relationship with us. Effective as of
June 30, 2020.