Summer saving strategies for your my529 account

Summer is almost here, and with the change of season comes new opportunities to help you hit your savings goals.

Our hats off to the graduates! Rather than checks or cash getting lost in the shuffle, gifts from relatives and family friends can be sent directly to the graduate’s my529 account through the my529 gift portal. The my529 Gift Program lets account owners send friends and family a unique link and gift code that make it easy for them to securely contribute funds to a beneficiary’s account. The gifting profile can even be customized with a photo of the beneficiary and thoughtful message. Check out our site for more creative gift theme ideas.

Yay, tax season is over! Consider allocating any tax refunds you received to your my529 account. Have you signed up for scheduled contributions? Did you know that you can adjust them to keep up with any recent raises? Visit my529.org to learn more.

Order-up! Is there a teen in your life applying for summer jobs? Offer to match any contributions they make to their my529 account — perhaps invite grandparents to join in for even more incentive. Getting them started in contributing to their own educational future may provide a financial lesson and investment that could benefit them for years to come.

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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.

Consult an advisor. my529 does not provide legal, financial, investment, or tax advice, and the information provided on this website does not contain advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

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.

my529 does not pay commissions, loads or sales charges to financial advisors nor does it endorse financial advisors.

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