Open A 529 Account WITH ME

@madisonmartellaro

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Selling · SaaS › Finance Software

Fidelityseen in 24 videos →fidelity.com ↗

Why it worked

The video provides a step-by-step tutorial on a topic many parents are interested in (saving for their children's future), making it highly practical and shareable. The creator's relatable presentation style and the clear demonstration of the process reduce perceived complexity, encouraging viewers to take action.

Summary

The creator demonstrates how to open a 529 college savings account with Fidelity. The video guides viewers through the process of selecting an account type and filling out beneficiary information on the Fidelity website.

Structure

1Introduction and motivation for opening a 529 account
2Navigating to Fidelity's website and initiating account opening
3Selecting the account type (Individual vs. Custodial)
4Filling out beneficiary information
5Completion and preview of next steps (funding)

Product placement

The video shows a screen recording of the Fidelity website, specifically demonstrating the process of opening a 529 account. The creator also verbally mentions Fidelity and the website fidelity.com.

Original caption

Save this video so you can start building wealth for your kids 💸💰🤑 #wealthymindset #investmentstrategy #financialliteracy #moneytips #investingtips

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Call to action

Come back for part two where I'll show you how to fund it and set up automatic deposits.

On-screen text

Open A 529 Account WITH ME Fidelity Log in Open an Account Invest your money. Not your time. Fidelity Go invests for you with no advisory fees under $25k. Get started Tell us about your goal $5,000 By when? 7 years Fidelity Open an account 529 college savings plans Open a flexible, tax-advantaged 529 college savings plan managed by Fidelity to save for education expenses such as tuition, rent and food, books, and more. Open an account View all accounts Open an account Let's open your 529 account Are you already a Fidelity customer? Select Yes if you have a brokerage, IRA, 401(k), or other Fidelity account. Yes No Opening an account takes just a few minutes. First, you'll need to log into your Fidelity account. Next, we'll fill your application with information from your existing profile. Finally, begin the process of transferring money into your account. What type of 529 would you like? Account type What type of 529 would you like? Individual Custodial Individual This is the most common type of 529 account You'll maintain control over the account, even after the beneficiary is an adult. You can change the beneficiary at any time. Custodial This is the least common type of 529 account The account will transfer to the beneficiary when they become an adult; you won't have control over it at that point. This is an irrevocable gift to the beneficiary. Tell us about the beneficiary Who will you be saving for? Beneficiary name First name Middle name Last name Social Security number Date of birth Month Select Day Year

Transcript

I heard you wanted to start investing for your kids. Well, let's go make them rich. First things first, go to fidelity.com, click open an account. Then scroll down to 529 college savings plans. Open a flexible, tax-advantaged 529 college savings plan managed by Fidelity to save for education expenses such as tuition, rent and food, books, and more. Open an account. Let's open your 529 account. Are you already a Fidelity customer? Select Yes if you have a brokerage, IRA, 401k, or other Fidelity account. Yes. No. Opening an account takes just a few minutes. First, you'll need to log into your Fidelity account. Next, we'll fill your application with information from your existing profile. Finally, begin the process of transferring money into your account. What type of 529 would you like? Account type. What type of 529 would you like? Individual. Custodial. Individual. This is the most common type of 529 account. You'll maintain control over the account, even after the beneficiary is an adult. You can change the beneficiary at any time. Custodial. This is the least common type of 529 account. The account will transfer to the beneficiary when they become an adult; you won't have control over it at that point. This is an irrevocable gift to the beneficiary. I'm a control freak, so I will be doing individual. Tell us about the beneficiary. Who will you be saving for? Beneficiary name. First name. Middle name. Last name. Social Security number. Date of birth. Month. Day. Year. And voila! You're all done. Come back for part two where I'll show you how to fund it and set up automatic deposits so their money is actually making money.