Recommit to saving this fall

School bells are ringing and leaves are changing color. The seasonal transition signals the perfect opportunity to kick off or restart positive habits like saving for education.

September is National College Savings Month, and my529, Utah’s educational savings plan, is celebrating. During this month, we encourage you to prepare for future education expenses by starting or recommitting to a habit of regular savings.

Have you opened a my529 account? If you have one, do you contribute monthly? Is it a good time to increase your contribution?

Take comfort in knowing that the money invested in your my529 account is not limited to traditional colleges or universities. Funds can be used for trade or technical colleges, and apprenticeships. Read our Program Description for more details.

National College Savings Month is a time when my529 sponsors our annual Make Your Mark bookmark design contest. This contest is a chance to win one of eight $1,000 my529 college savings scholarship accounts. More information about this opportunity can be found at my529.org/make-your-mark-contest/. No purchase necessary to enter or to win contest.

While you enjoy all of the moments that fall offers, take solace in the fact that you’ve started saving for whatever education opportunities the future holds.

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.

Have you opened a my529 account? If you have one, do you contribute monthly? Is it a good time to increase your contribution?