Aunts and uncles: Get invested in the success of your nieces and nephews

July 26 is Aunt and Uncle Day! Aunts and uncles play a unique role in a child’s life, offering love, support and guidance throughout their childhood and beyond.

A special way aunts and uncles can show love and support for their nieces and nephews is by starting a my529 savings plan for their future education. By contributing to a my529 plan, aunts and uncles can help ensure that their niece or nephew has the financial resources needed to pursue educational goals.

Aunts and uncles can open an account in their own name, with their niece or nephew listed as the beneficiary. Contributions to the account can be made regularly, either as a one-time gift or on a recurring basis. The funds in the account can be used to pay for a wide range of the beneficiary’s educational expenses, including tuition, fees, books, supplies and room and board.

As we celebrate Aunt and Uncle Day this year, consider starting a my529 plan for your niece or nephew as a meaningful and lasting gift. Not only will it help support their educational goals, but it will also show them how invested you are in their future success.

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Important Legal Notice

Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Account Value. Investments in my529 are not insured or guaranteed by my529, the Utah Board of Higher Education, the Utah Education Savings Board of Trustees, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that that includes FDIC-insured accounts as an underlying investments. Units in my529 have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

FDIC insurance is subject to limits set by federal law. Click here for more information about FDIC Insurance.

Non-Utah Taxpayers and Residents. The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

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Morningstar rating. A Morningstar Analyst Rating for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.

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Information on this website is believed to be accurate when posted and is qualified in its entirety by the Program Description.