A gift that creates a legacy

It has been said that one of the best days of parenting is the day you become a grandparent. While you may no longer have the responsibility of full-time parenting, you now have the ability to develop a new and special relationship with your grandchild.

One lasting and meaningful way to support your grandchild is to help them save for a bright future with a my529 account. Education and training are some of the most valuable gifts we can give—they last much longer than a toy or video game—and by contributing to their my529 account, you help alleviate the financial burden associated with the costs of future education.

my529 account ownership is not limited to just parents; in fact, grandparents can own accounts and designate their grandchildren as beneficiaries. As an account owner, the grandparent is then able to control the funds in the my529 account, and make sure it is set up to fund the beneficiary’s future education. When you take care of opening an account for a grandchild, it is a simple way you can help your own child as they navigate the throes of new parenthood.

A my529 account not only allows you to make an impact for your children and grandchildren, though—accounts can also act as a powerful tool for your own financial goals. If you are looking for a way to allocate your assets in a tax-efficient manner, a my529 account can help you do that while also providing for your family’s educational needs. You can read more about helping your children and grandchildren save toward their future at my529.org/for-grandparents/.

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.

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 includes FDIC-insured accounts as an underlying investment.

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.my529 does not provide legal, financial, investment or tax advice. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

When you take care of opening an account for a grandchild, it is a simple way you can help your own child as they navigate the throes of new parenthood.