Comments on post “CollegeBacker”
Jordan Lee
@jordanglee · Founder & CEO, CollegeBacker
Thanks Tristan!
Hi everyone!
I’m Jordan, founder and CEO of CollegeBacker.
We built CollegeBacker because saving for college is a daunting and lonely process. It’s super expensive already, will be even more expensive in 10 or 15 years, and too few parents are using the most powerful investment vehicle there is: a 529 College Savings Plan. A 529 is basically a retirement account for college that lets you invest your savings tax-free, which can add up to tens of thousands of dollars of savings over a long enough period (and that much less student-loan debt for your kids :).
With CollegeBacker, you can open one of these accounts in just a few minutes and start contributing with as little as $25. CollegeBacker helps you determine a smart savings goal specific to your child and then lets you invite relatives and friends to become “Backers” on your funding team. A grandparent might set up a monthly contribution, helping you chip away at your monthly target, and birthday party guests can easily send gifts directly to the fund. Our aspiration is to make saving for college a collaborative activity in which a parent can build a community or moral and financial support for their kids.
We’re excited to offer Product Hunter parents something special: if you sign up through https://collegebacker.com/hunt, we’ll contribute up to $75 to your account. (Check out the page for details.)
If you’re curious to read a much longer version of why we’re doing what we’re doing, please feel free to check out this Medium post we published last week: https://medium.com/collegebacker...
Thanks for your interest – I’m happy to answer any questions Product Hunters might have!
Best,
Jordan
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:: lawson baker ::
@lwsnbaker · @synapsepay + @manosunidas
@jordanglee, belated congrats on the PH feature!
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Jordan Lee
@jordanglee · Founder & CEO, CollegeBacker
Thank you @lwsnbaker!
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