Even small sums set aside regularly over time help make higher education more affordable. Each dollar saved is a dollar you don’t need to borrow and repay with interest.
my529 earns Morningstar Gold for 2023
For the 13th consecutive year, my529 has been named one of the country’s premier 529 educational savings plans by Morningstar, a leading industry analyst. Utah’s plan receives consistent recognition for investment options, stewardship, and low fees. my529 is one of only two 529 plans nationwide to earn the Morningstar Analyst Rating™ of Gold.
my529 can help everyone save, even if you’re not a Utah resident.
For Financial Advisors
For Utah Residents
my529 lowers Administrative Fee
my529 is reducing its Administrative Asset Fees by one basis point, effective July 1, 2023. The Administrative Asset Fees for all Target Enrollment Date and Static investment options are now 0.100%, or $1.00 per $1,000 annual investment, while Customized portfolios are now 0.130%, or $1.30 per $1,000 annual investment.
my529 plan in action
my529 has been helping families save for education for more than 20 years. Investing now for future educational costs can add up and save you from paying back money you borrowed with interest. my529 also has tax advantages that helps you reach your savings goals.
This scenario is for a my529 account over 18 years with a contribution of approximately $40 at account opening and on the first day of each month, with a 5% rate of return compounded annually.
A convenient way to spend for school
The my529 Access Discover® Prepaid Card
- Withdraw funds directly to the card.
- Your beneficiary carries it on campus.
- Use for qualified education expenses.
How does the SECURE 2.0 Act affect your my529 account?
On December 29, 2022, the SECURE Act 2.0 was signed into federal law. The act enhances the ways in which money in a 529 savings plan can be used.
So does an early start to savings.
At my529 we believe in your child’s budding talents–his fascination with flight, her knack for math or love of painting. We help you invest for education so you can help your child achieve his or her dreams.