What is 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.
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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
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