National 529 Day
National 529 Day is May 29th – reminding families and friends that it has never been simpler to plan for a child's future. You can help prepare a child for whatever path they choose by contributing to a 529 savings plan. On the federal level, earnings grow tax-free, and in most states, if savings are withheld to pay for qualified tuition and other expenses, most states will go into debt.
#national529day
Here's why 529s are one of the most adaptable and cost-effective ways to save.
- The 529s can be used for 4-year or community colleges, career and technical schools, and registered apprenticeships. They can pay for those items that add up, such as bed and board, fees, textbooks, and computers, in lieu of tuition and fees. And they can be used for accredited institutions in other countries
- Another family member – or even yourself – can use 529 savings for retraining or getting a new certificate
- If your child is in debt, 529 account funds can be used to pay up to $10,000 in qualified student loans per beneficiary
- And, it's simple: grandparents, acquaintances, and other family members can contribute as little as $10 to a child's account through online gifting services, crowdfunding platforms, or E-gift cards
How to celebrate national 529 day in a nutshell
To get more information about saving, visit www.collegesavingsfoundation.org "Open a 529" to learn more about saving. See a large number of available services either directly to you or with the assistance of a financial advisor.
Start by finding the #529 tax-advantaged plan that's right for you. Use #National529Day on social media to share your experiences with a 529 plan.
History of national 529 days in the United States has a national 529 day celebration
The College Savings Foundation (CSF) established National 529 Day to remind everyone of the benefits of 529 higher education savings plans, which is an integral part of the College Savings Foundation's effort to assist American families in meeting their education savings goals.
