‘Tis the season of New Year’s resolutions. As you recommit to good habits for the new year, one of the best resolutions you can make is to strengthen your financial health. A great way to begin working toward this goal is to automate your college savings.
my529, Utah’s educational savings plan, offers a variety of ways to make contributions—including automating your deposits—to help you accomplish your goal. Schedule a regularly occurring contribution in your my529 online account or set up payroll direct deposit with your employer.
The earlier you start saving, the greater the potential benefit. Even small contributions have the chance to grow over time. Visit my529.org for more information or log in to your account where you can enroll in automatic contributions.
No matter what else is happening in your life, automating your college savings keeps your financial goals on track. Even if you don’t start in January, any time is a good time to start a healthy savings habit.
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 Higher Education Assistance Authority Board of Directors, 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.
Find out more
my529 offers several methods to contribute to your account.
Who Can Participate?
my529’s Low Fees
College Savings Estimator