Monday, June 1, 2015

529 Day College Savings Celebration

The 29th of May has become a day of celebration across the country for college savings. The holiday of sorts celebrates the many state-sponsored 529 plans across the country by offering special deals on opening or contributing to a 529 plan. A 529 plan is a type of investment account you can use for higher education, named after Section 529 of the Internal Revenue Code, which outlines its tax advantages. Earnings on 529 plans grow federally tax-deferred and qualified withdrawals are tax free.

See some of the 529-day tweets below from late last week and check out this map by the College Savings Plans Network to see how the day was celebrated in your state.

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