May 29th is 529 Day!

Our partners at Minnesota College Savings Plan have a special offer they want to share with you in celebration of 529 Day on May 29th! Read on to find out all about what a 529 plan is and how you can take part in their matching program from May 29th to June 1st!

May 29th is 529 Day! | Twin Cities Moms Blog

529 Day is nearly here {May 29th}! But what is 529 day?

529 Day was created to celebrate the 529 college savings plan. This “holiday” is supposed to serve as a reminder to you that it is never too early to begin thinking about and preparing for your child’s college education!

Our state’s specific plan, The Minnesota 529 College Plan, works by making contributions after tax dollars into the account.  The funds are then invested and have the opportunity to grow tax deferred.  When it is time for your child to go to college, you can take the funds out completely tax-free as long as the funds are going to an accredited school and used for a qualified expense. Qualified expenses include tuition, certain room and board costs as well as mandatory books, fees, and computer accessories. 

Saving for college is like running a marathon. You need to start preparing as early as possible and keep a steady pace to make it to the finish line. Since the price of college isn’t going down, it is important for families to do their research and see what program will work best for them.

Minnesota College Savings Plan offers many convenient tools on their website including everything from the opportunity to create a new account to tools that help you and your family plan for your future. You can make contributions that work for your specific family – even as little as $25! 

We want to share a special offer with you!

Minnesota College Savings Plan is offering a 529 Day $50 matching program from May 29th, 2018 to June 1st, 2018!

When anyone opens an account with at least a $50 initial contribution and establishes automatic payments of at least $25 monthly for six months, they will receive a $50 matching deposit from Minnesota College Saving Plan.

To learn more about the plan, click HERE or call the toll free number at 1.877.338.4646. If you would like to make an appointment, you can do that as well with their appointment scheduler.

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