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529 Reasons to open a 529 Plan
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*Need inspiration? Scroll down to read our favorite reasons to open a 529 plan!
We 529 Plans!
This 529 Day, we've enlisted our staff, friends and readers to help create our "529 reasons to open a 529 plan" list. Share them with your friends and help spread the 529 love!
# | Reason |
---|---|
1 | Tax-free growth |
2 | Your child won't be forever a loan |
3 | Your state may offer additional tax benefits for contributions |
4 | You can invest in almost ANY state's plan |
5 | If you win our sweepstakes, you'll have a place to put the $1,529 |
6 | Kids whose parents save for college have less student loan debt |
7 | No limits on annual contributions |
8 | If your child gets a scholarship, you can withdraw the amount of the scholarship from your 529 plan tax and penalty free |
9 | Who better to invest in than your kids? |
10 | Your children will thank you later |
# | Reason |
---|---|
62 | New York's 529 College Savings Program Direct Plan is offering a chance to win a $500 contribution to a New York 529 Direct Plan account. |
63 | Suze Orman says: 'In my opinion, the best way to [save for college] is with a so-called 529 Savings Plan' |
64 | President Obama has 529 plans for daughters Sasha and Malia |
65 | In case they miss the scholar ship, they can still board and room |
66 | Your children should have 99 problems, not 100 |
67 | Help keep your child's bright future from being clouded by debt |
68 | Be your child's hero by keeping his/her debt at zero |
69 | So your kid won't worry and just be happy |
70 | So your kid can tweet '#blessed' |
71 | By saving green, you'll keep your kids out of the red |
72 | Save for higher education while reducing taxation |
73 | Don’t let educat2ion hold your child back / put your child at a disadvantage |
74 | It's better (and cheaper) to save now than to borrow later |
75 | 529 plans are a better investment than toys |
76 | Give your kids the gift of freedom |
77 | Give your kids the present of a future |
78 | If you save smart, your kid will be |
79 | Keep your child from drowning in debt |
80 | Your child will have no excuse not to go to college |
81 | If Miles Teller would've had a 529, he wouldn't be stuck paying back student loans. |
82 | Don't burden your kids with debt. The Obamas owed a combined $120,000 after college and carried these debts for the first 25 years of their marriage. |
83 | Taylor Swift gave a fan $1,989 to help with student loans. You should do the same for your #1 fan. |
84 | Keep your child's pockets hole-free |
85 | Parents pay the price for children’s student debt |
86 | Be your nephew/niece's favorite uncle instead of 'that one weird uncle' |
87 | Mid-life crisis? Instead of a red convertible sports car invest in a 529 for your kid |
88 | Your child will be grateful |
89 | If a 529 plan were on Shark Tank, Mark Cuban would fight Mr. Wonderful for it. |
90 | Better to invest in a 529 than your child's eventual DJ career / album |
91 | Because Chuck Norris said so. |
92 | What would Oprah do? |
93 | Betty White would do it. |
94 | Didn't you always want a doctor in the family? |
95 | Didn't you always want a lawyer in the family? |
96 | Didn't you always want a nurse in the family? |
97 | Didn't you always want an accountant in the family? |
98 | Your child's education is more important than your cable bill |
99 | A 529 plan is like a sidewalk, it'll keep your kids off the streets |
100 | Have no regrets, just funds |
101 | Giving your kid a leg up shouldn't cost you an arm (re: loans) |
102 | If your child receives the Alec Baldwin Scholarship you can change the beneficiary and give the funds to a sibling |
103 | If your child receives the Gates Millenials Scholarship you can change the beneficiary and give the funds to a sibling |
104 | If your child receives the Letterman Telecommunications Scholarship you can change the beneficiary and give the funds to a sibling |
105 | If your child receives the Bruce Lee Scholarship you can change the beneficiary and give the funds to a sibling |
106 | If your child receives the Michael Jackson Scholarship you can change the beneficiary and give the funds to a sibling |
107 | If your child receives the Tony Bennett Scholarship you can change the beneficiary and give the funds to a sibling |
108 | If your child receives the Derek Jeter Scholarship you can change the beneficiary and give the funds to a sibling |
109 | If your child receives the Susan T. Buffett Scholarship you can change the beneficiary and give the funds to a sibling |
110 | If your child receives the John Lennon Scholarship for Songwriters and Composers you can take a penalty-free withdrawal |
111 | If your child receives a Seinfeld Scholarship you can take a penalty-free withdrawal |
112 | If your child receives the Christopher Reeves Scholarship you can take a penalty-free withdrawal |
113 | Because you refuse to accept the idea of a 'Boomerang Generation' |
114 | Because you like to make your money work for you |
115 | Becasue you want your child to be like a Lannister and always pay his debts |
116 | You want an excuse to attend college basketball games |
117 | You want an excuse to attend college football games |
118 | Your child can use 529 funds to pay for Clown College, like Cam from Modern Family |
119 | You've always wanted to put a college sticker on the back of your minivan |
120 | You've been saving your fraternity paddle to pass down to your son |
121 | You've been saving your sorority paddle to pass down to your daughter |
122 | You won't feel left out on 529 Day (May 29th) |
123 | A 529 account is a great place to put your diaper money once your toddler is potty trained |
124 | Because your child won't get a free lap seat when you travel much longer. |
125 | Because there's no room in your basement for a student-loan debt ridden twenty-something |
126 | It'll guarantee four years of freedom and partying. For you. |
127 | One more thing to check off your to do list. |
128 | You've always wanted your kids to leave the house so you can move to Florida. |
129 | Your other kids might get scholarships, but there's always that one... |
130 | Take charge of your child's future |
131 | Don't leave your kid's future up to chance |
132 | A 529 plans is a better investment than a lotto ticket |
133 | You won't be sorry later |
134 | What would Suze Orman do? |
135 | It can make the difference between your child appearing on Shark Tank or The Real World |
136 | Make a change by saving some |
137 | College spring break is one of the best experiences ever. |
138 | Everyone looks good in a graduation gown. |
139 | Rooting for your college’s sports team makes them win more often. |
140 | Everyone needs a college roommate that becomes a best friend. |
141 | The freshman fifteen are a rite of passage. |
142 | College bumper stickers are awesome. |
143 | Throwing your graduation hat in the air is like throwing a ninja fighting star. |
144 | You’ll immediately have an alumni network. |
145 | College mascots are kind of like being at Disney world. |
146 | Your college team will be ranked. |
147 | You can buy clothing with your college logo at regular stores. |
148 | If you don’t know what to wear, you can always wear clothing with your college logo. |
149 | You can get discounts in your college’s town. |
150 | So you can keep up with Joneses. Or I guess nowadays, the Kardashians. |
306 | You don't have to pay taxes on your contributions, which means you won't end up like Lauryn Hill. |
307 | It's better to put your money in a 529 account than down a toilet. |
308 | Because the future is closer than you think. |
309 | Before you know it, your kids will be 18. |
310 | You've taught your kids to write thank you notes. If you open a 529 plan, they'll have someone to send them to. |
311 | Alabama College counts is giving away 31 $529 accounts to Alabama residents |
312 | ScholarShare College Savings Plan is offering $50 matching grants to families opening new accounts on 529 Day |
313 | College Savings Bank is giving away 2 $250 accounts to 529 Day Webcast attendees |
314 | IDeal College Savings Plan is giving away $529 to Idaho residents |
315 | Iowa residents can enter to win a $5,290 College Savings Iowa 529 account |
316 | Kansas Learning Quest 529 plan is giving away $1,529 and tickets to a Royals baseball game |
317 | Nebraska Educational Savings Trust is giving away 5 $529 prizes to new accounts during May |
318 | Nevada residents can win $529 to put towards a new or existing SSgA Upromise 529 account |
319 | North Carolina residents can enter to win one of three $529 scholarships for their NC 529 plan |
320 | Ohio CollegeAdvantage is giving away 10 $2,500 contributions to a CollegeAdvantage 529 account |
321 | Oklahoma residents can enter to win 529 account contributions and Zoo prizes during May |
322 | Oregon residents can win one of 15 $529 accounts being given away as part of the 'Save the Day! Save for College!' Program |
323 | Future Scholar is offering a $529 grant to families with babies born on 529 Day who open a new account |
324 | Virginia inVEST is giving away $10,000 to new or existing 529 account owners |
325 | Virginia newborn babies born on or around 529 Day will be eligible to receive $529 towards a 529 account |
# | Reason |
---|---|
151 | Leave a meaningful legacy for your grandchildren |
152 | It's easy to open a plan. You can do it yourself online in just minutes. |
153 | Grandparents who open 529 plans retain control of the plan, not the beneficiary |
154 | Grandparents can reduce their estate tax exposure by making 529 plan contributions |
155 | What's a better investment than your grandchild's future? |
156 | 529 plans are a great place for grandparents to put required minimum distributions from an IRA, 401k, or employer-sponsored retirement plan |
157 | Live up to the name: GRANDparent |
158 | Help your favorite grandchild. You 'don't have a favorite'? Then help all your grandchildren. |
159 | Cheat your way to becoming the favorite grandparent |
160 | Don't leave your grandchild's future up to chance |
161 | Make his 529 plan another grandparent story they can tell. |
162 | So your daughter doesn't spend your grandchild's college savings check on shoes. |
163 | So your son doesn't spend your grandchild's college savings check on a sporting event. |
164 | So they will always think of you when their friends complain about their student loans. |
165 | You can invest in almost ANY state's plan |
# | Reason |
---|---|
166 | An education tax benefit you don’t want to over look. Gary E. Carpenter, CPA, CCA |
167 | A flexible plan that can be use for the whole family. Gary E. Carpenter, CPA, CCA |
168 | Pay for college and save taxes. Gary E. Carpenter, CPA, CCA |
169 | So YOU don't wind up neck-deep in parent PLUS loans and unable to retire. - @lizweston |
170 | Leverage 529 plans to support your child's desire for higher education. - @BlueOceanGW |
171 | Too many video games & toys: Encourage family & friends to give to your child's 529 plan for birthdays and holidays. - @BlueOceanGW |
172 | An investment in knowledge pays the best interest: The 529 plan - @BlueOceanGW |
173 | Intelligence + Character = The goal of a true education. A 529 plan can make it happen. - @BlueOceanGW |
174 | We make a living by what we he, we make a life by what we give. (Give the gift is education). Open a 529 plan - @BlueOceanGW |
175 | Make college savings a team effort: friends & family can easily contribute to a child's 529 plan with online gifting |
176 | Saving for college is taxing enough – maximize tax savings with a 529 plan - @SweeneyFidelity |
177 | Share your college savings goals with family and friends. 90% of grandparents say they’d help if asked - @SweeneyFidelity |
178 | Fidelity College Savings Indicator shows on avg parents plan to cover 64% of children’s college costs, yet on track to save just 28% - @Fidelity |
179 | Fidelity College Savings Indicator says parents are on track to meet 28% of college savings goals; boost funds with a 529 plan - @Fidelity |
180 | Using a credit card with rewards linked to a 529 account means everyday purchases can help fund college savings - @Fidelity |
181 | Open a 529 before a child is born. Start saving now, watch $ grow with your child & change the beneficiary name later if needed - @Fidelity |
182 | I save in a 529 plan because I've found it a great way to put 'money' gifts from aunts, uncles, and grandparents to good use - my son's future. - @collegeinvestin |
183 | Even if you’re not sure what path your child will take, a 529 can be used for almost any post-high school education, it’s not just for traditional 4 year universities. - @CollegeAveLoans |
184 | To help relieve stress, it helps to set aside money monthly dedicated to grow a college fund and a 529 Plan allows for tax free growth that can be used on qualified expenses. - @CelestHorton |
185 | Opening a 529 plan enables working families to help the next generation obtain the 'American Dream.' - @leafsavings |
186 | The best protection against the rising cost of college is to save regularly in a 529 plan. - @leafsavings |
187 | A higher education is one of the top returning asset classes over the past 100 years; open a 529 plan and give your child the chance to enjoy an outstanding return on their life. - @leafsavings |
188 | For some people, prepaid college tuition plans are a can't-lose investment. - @thesimpledollar |
189 | Stop worrying already. Start saving. |
190 | Saving for college through a 529 can make you feel like a genius because you'll be in a much better position to afford college. |
191 | Saving automatically though a 529 will free up time to do anything else you want to do. |
192 | You can invest like a financial pro even when you aren't by relying on 529 age-based portfolios. |
193 | Investing in a 529 can be a much better birthday or holiday present for a child. |
194 | If you hate paying taxes, you'll love a 529. |
305 | Saving in a 529 plan helps foster college awareness & aspiration in your child! |
# | Reason |
---|---|
195 | Total contribution limits are high |
196 | Use 529 funds to pay for tuition |
197 | Use 529 funds to pay for books |
198 | Use 529 funds to pay for supplies required by the college or university |
199 | Use 529 funds to pay for housing (on and off-campus) |
200 | You can contribute regardless of your income level |
201 | 529 plans offer a range of investment options to suit every need |
202 | Prepaid tuition plans let you lock in tuition rates for participating universities |
203 | Worried about investment risk? Some 529 plans offer guaranteed savings options |
204 | Some plans offer socially responsible investment options |
205 | You can change your investment allocation twice a year |
206 | 529 plans have a minimal impact on financial aid |
207 | Withdrawals from a parent's 529 plan are not counted as student income for the FAFSA |
208 | 529 plans from one state can be used to pay for college in any other state |
209 | 529 plans from any state can be used at any accredited college or university in the United States (and some foreign institutions too) |
210 | 529 plans can be used to pay for community college |
211 | 529 plans can be used to pay for technical and vocational schools |
212 | If your child goes to a U.S. Military Academy, you can withdraw funds from your 529 plan without a penalty |
213 | You can start a 529 plan before your child has a Social Security #, just make yourself the beneficiary |
214 | It's easy to change beneficiaries on a 529 plan |
215 | You can use a 529 plan to pay for graduate school |
216 | You can use a 529 plan to pay for your own higher education |
217 | You can use a 529 plan to pay tuition, books and supplies, even if you're only taking one class |
218 | If you have leftover funds in a 529 plan, you can make another child or even yourself the beneficiary |
219 | You can roll over your 529 plan assets to a different 529 plan once every 12 months |
220 | The account owner retains full control of the funds in a 529 plan, even after the beneficiary turns 18 |
221 | 529 plans are the most flexible way to save for college |
222 | 529 plans offer more benefits than any other savings or investment vehicle for college savers |
223 | Better for financial aid than an UGMA or UTMA account |
224 | There are over 100 529 plans to choose from, and thousands of investment options |
225 | Fidelity offers 529 plans |
226 | Vanguard offers 529 plans |
227 | T. Rowe Price offers 529 plans |
228 | TIAA-CREF offers 529 plans |
229 | Allianz offers a 529 plan |
230 | Alliance Bernstein offers a 529 plan |
231 | Columbia Management offers a 529 plan |
232 | Franklin Templeton offers 529 plans |
233 | USAA offers 529 plans |
234 | John Hancock offers a 529 plan |
235 | Legg Mason offers a 529 plan |
236 | Oppenheimer Funds offers 529 plans |
237 | Merrill Lynch offers a 529 plan |
238 | Voya offers a 529 plan |
239 | American Century offers a 529 plan |
240 | Hartford Life Insurance offers 529 plans |
241 | Putnam Investments offers a 529 plan |
242 | One of the few things the House of Representatives has agreed to recently is strengthening 529 plans |
243 | 529 plans are a low maintenance way to save for college. Set it and forget it! |
244 | Most plans allow you to make contributions with automatic deductions from your bank account |
245 | Substantial deposits are allowed (over $300,000 per beneficiary in many state plans) |
246 | A 529 plan can be owned by a Trust |
247 | With almost 12 million 529 plan accounts, millions of families use 529 plans for college savings |
248 | NCAA athletic scholarships are only awarded to about 2 percent of high school students |
249 | NCAA athletic scholarships are typically under $11,000, less than half the average one-year cost of a public university |
250 | Students typically need to graduate in the top five to ten percent of their class to get any amount of academic scholarship |
251 | Get a head start on saving. You can open a 529 plan before your baby is even born! |
252 | Adjusting for inflation, the cost of 1 year of tuition, fees, room and board at a private university has increased by 38% since 2000. |
253 | Adjusting for inflation, the cost of 1 year of tuition, fees, room and board at a public university has increased by 63% since 2000. |
254 | The costs to attend private university has been growing at a rate 2.2% per year faster than inflation over the past 15 years. |
255 | The costs to attend public university has been growing at a rate 3.3% per year faster than inflation over the past 15 years. |
256 | If you contribute $100 per month to a 529 plan for 18 years, you could have $45,000 |
257 | If you contribute $250 per month to a 529 plan for 18 years, you could have $112,000 |
258 | If you contribute $500 per month to a 529 plan for 18 years, you could have $225,000 |
259 | A one-time contribution of $10,000 to a 529 plan could yield $42,000 in 18 years |
260 | A one-time contribution of $25,000 to a 529 plan could yield $104,000 in 18 years |
261 | Did you get an inheritance? A one time contribution of $50,000 to a 529 plan could yield $209,000 in 18 years |
262 | If you're not sure which plan to open or how to invest your plan contributions, a financial advisor may be able to help you get started |
263 | Many plans offer low fees, leaving more of your money to pay for college costs |
264 | 529 plans are a smart choice when it comes to getting financial aid |
265 | You can use a 529 plan to save for a nephew, niece, godchild, family friend…the sky's the limit! |
266 | You can keep contributing to a 529 plan even after the child starts college |
267 | 529 plans are a great place to put cash gifts from family and friends |
268 | The Savingforcollege.com 5-cap ratings can help you sort through your 529 plan options more easily |
269 | Savingforcollege.com publishes quarterly rankings of 529 plans to help you identify the best performing plans |
270 | Want your child to study abroad? 529 plan funds can be used to pay for tuition and certain other costs of eligible overseas schools |
271 | You can open as many 529 plans as you want |
272 | Student loans may become more expensive in the future |
273 | Procrastinating costs more than saving |
274 | You'll spend more money if you have to rely on loans than you would have if you set aside money in a college savings plan |
275 | 529 plans offer advantages over U.S. Savings Bonds |
276 | A great place to earmark funds to be used only for college |
277 | Some 529 plans make it easy to get gifts from family and friends deposited directly into your account |
278 | Save more with gifts from family and friends. Plans managed by College Savings Bank offer a social gifting feature |
279 | Save more with gifts from family and friends. Fidelity plans offer the College Gifting Program. |
280 | Save more with gifts from family and friends. Ugift makes it easier for family and friends to contribute to accounts with participating plans. |
281 | Save more with gifts from family and friends. Plans managed by TIAA-CREF have an e-gifting feature. |
282 | Save more with gifts from family and friends. Alabama CollegeCounts lets guests contribute through GiftEd. |
283 | 12 states offer FDIC-insured 529 plan options |
284 | Use 529 funds to pay for summer courses (if the student is enrolled at least half-time) |
285 | Because you want your child to earn $17,500 more annually than their peers who don't go to college |
286 | Colleges are offering less need-based financial aid |
287 | Higher education is no longer viewed as a public good as the burden of costs shifts to the students |
288 | Students whose parents save for their college are 39 percent less likely to have student loan debt. |
289 | State appropriations to higher education have been declining |
290 | Your employer may offer payroll deductions to make 529 plan contributions |
291 | Your employer may offer matching contributions to 529 plans |
292 | Assets in a 529 plan are sometimes disregarded when calculating state-funded financial aid eligibility if the student is applying to an in-state school |
293 | Some 529 plans offer socially responsible investments |
294 | Age-based plans shift assets automatically based on the age of the beneficiary. |
295 | Many plans have minimum contribution requirements as low as $25 per month |
296 | The College Savings Planner can give you can idea about how much to save |
297 | Savingforcollege.com 's performance rankings show the top performing plans |
298 | 529 plans have no expiration date |
299 | You can use 529 savings to pay for culinary school |
300 | You can use 529 savings to pay for trade school |
301 | 529 funds can be used to pay for dual enrollment courses while the student is still in high school |
302 | It only takes about 20 minutes to enroll in a plan online |
303 | You only have 18 or less years to save |
304 | Feeling generous? You can use a 529 plan to fund a scholarship! |
326 | So your kid won't have to eat ramen noodles until you're 65. |
327 | So my children have money someday to buy a house. |
328 | College success requires a well excecuted plan not just a dream. 529's should be part of that Plan. |
329 | So my kids don't have to struggle to pay for college when they grow up and so they aren't paying student loans at age 39 (like I am). |
330 | To put 3 kids through college debt free! |
331 | Give my kids a debt-free start to their adult lives. |
332 | I want my children to be able to choose a college education based on their interests and dreams not the price. |
333 | Already done and are now enjoying the benefits! Daughter is about to start her Jr. year and is DEBT FREE! |
334 | Help my niece and her single dad with future expenses. |
335 | Interest working for us now rather than against us later! |
336 | To help my son achieve is dream of going to college. |
337 | The best way to defray higher education costs. |
338 | So I can look back and know I did what I could to help make college a possibility for my children. |
339 | Give your money a chance to grow into a better future for your kids |
340 | I want my daughter to have the life I didn't. |
341 | Children with a dedicated college savings account are 7x more likely to attend college! |
342 | So my daughter can enter her adult life debt free.....unlike her parents! |
343 | Great way for Grandparents to contribute and make a difference! |
344 | A down payment on a lifetime of income! |
345 | College costs are so expensive it makes sense to save and invest in order to ensure that we have the means to support those costs. |
346 | I want my kid to go to the college of her choice! |
347 | Means less time required to work and more time for study |
348 | 529 is the easy and tax friendly way to invest in my children's future! |
349 | My FIVE wonderful children |
350 | Easy paycheck withdrawals to keep me saving for my son's education. |
351 | End the cycle of student loan debt. |
352 | Tax incentives - many contributions are exempt from state taxes |
353 | My new baby grandtwins! |
354 | The most important gift is an education a 529 plan makes sure your grandchildren get that gift no matter the family circumstances. |
355 | So my son can avoid having to pay interest on student loans. |
356 | Even small contributions over a long time period can add up to significant amounts for college expenses. |
357 | It is a gift for my new grandson which will live beyond me. |
358 | Give your children the chance to pursue their dream career not just find a job. |
359 | A surprise high school graduation gift for my grandchildren....shhh please don't tell! |
360 | So we can eat while our child is in college |
361 | Auto-pilot! I love the way I can put a certain amount of money in each month without thinking about it. It accumalates very nicely over time. |
362 | Show my children the value of saving |
363 | So we can pay for kids college without loans or tapping retirement accounts |
364 | To help my 2 beautiful kids go to college! |
365 | You can think about what vacations you can plan as you retire instead of worrying about whether your kids have the financial means for college. |
366 | To show my child how compound interest generates money over time. |
367 | To make it easier for my children to send their children to college |
368 | My parents paid for my and my brother's college educations and I'd love to be able to do the same for my boys! |
369 | To teach my children smart money choices monkey see monkey do! |
370 | Once I setup the automatic funding for my grandchildren I never even noticed the missing money each month. |
371 | We want to be sure they can take care of themselves when we are gone. |
372 | Education is the best investment |
373 | Limits are so high so you can save more than enough for your entire college costs. And you can change beneficiaries if need be. |
374 | To build a better America for me and my family |
375 | A gift that will allow my children to have access to a bright future and the ability to pursue their dreams. |
376 | Investment grows over time and it helps me be diligent about saving every month |
377 | We work hard to invest in our futures; the adults' 401k and IRAs the child's 529. Anything we can do now to prepare us all for the future the better. |
378 | Saving for the future helps bring more excitement for college with each passing year. Never too early to share your 529 dream with your own dear children. |
379 | Your children will thank you later |
380 | We had a birthday gift for our daughter easily picked out every year..besides a toy |
381 | Because time is the one asset you can't replace. |
382 | We switched daycare $$ to a 529 when our son started kindergarten a great way to use money we were already used to spending. |
383 | You were going to help pay for their education anyway might as well save taxes and grow your investment |
384 | My reasons are my four boys. |
385 | To give my kids the brightest future possible. |
386 | Tax-free growth with tax benefits now! Plus it just makes my family's future feel more secure. |
387 | It may enable the student to pick the college they prefer rather than settling for one they can afford. |
388 | Living a debt-free lifestyle is a huge goal that can be attainable by saving for college as the kids grow up. |
389 | I don't want to burden my children with the loan debt that took me 14 years to pay off and robbed of countless opportunities that money could of provided.. |
390 | It's like a vacation club for education! |
391 | If it isn't used by your child it can be transferred to another family member. |
392 | It is a lot easier to do some well-planned saving now than to saddle our child with high interest student loans later! |
393 | Because it's the most profound way to show your children that you love them. |
394 | It is a more valuable gift to give kids than a toy they will use for a couple of months |
395 | Someday my children will be able to take care of me in a fashion I have been accustomed to! |
396 | I believe that if I save for them then it will give them an incentive to go to college and also save for their children in the same way |
397 | Because colleges don't accept triple-shot no foam lattes for tuition. |
398 | As a parent it certainly falls in line with acting responsibly |
399 | Our Legacy: Great memories, Grandma's love and pie recipe, Grandpa's Jokes....The wise Gift of a 529 |
400 | My two little boys who were adopted from China might not have ever been able to go to college. That is why I am saving like crazy to give them every opportunity the US has to offer. |
401 | The light of my life my son Endoni |
402 | Because I love my baby and don't want her to have to know what it's like to struggle |
403 | My daughter is graduating and not getting the scholarships I expected |
404 | Pay Now, Play Later! |
405 | To teach my son that reaching his goals takes time, patience and dedication... just like saving in a 529! |
406 | How else can my child afford college? |
407 | To help my kids reach their dreams |
408 | Hide some money from the MAN |
409 | It is an organized and easy way for a family (especially grandparents) to help their children with a successful future as students and as a family. |
410 | My daughter is a bright girl and I want to ensure her a promising future |
411 | 529 plans help you leave a legacy |
412 | My daughter will be entering college in two years and I am going to take online classes to change my career. |
413 | For us college was not an option and for every $1 saved is a $1 that we didn't have to borrow. |
414 | I should have opened one 4 years ago, but now is better than never... |
415 | As a single mom of 2 girls who has no financial support from the father I need to prepare for my daughter's futures with a 529 plan |
416 | The gift of an education is worth far more than any toy! |
417 | Take some burden off of monthly college payments |
418 | My kid only went to community college; I want my granddaughter to not only have the full college experience but have the quality of life that comes from a 4-year degree |
419 | In my home country of England I didn't have to pay for college because the government paid. Now as an American I need to ensure my two children can be as educated as I am without going into debt long-term. |
420 | For my own Master Degree Program |
421 | We won't have to come up with all the money at once especially with having twins. |
422 | I have three kids the more prepared we are the less the stress. |
423 | To take care of the next generation financially. |
424 | I want my children to never have to worry about if they can afford to go to school. |
425 | So that my children do not have to take out loans for college. |
426 | To start my kids off on the right foot with less student loan debt. |
427 | So that my kids won't graduate with overwhelming loans! |
428 | You can transfer it to another one of your children if your college student does not need it. |
429 | So my sons don't have to eat Ramen the whole time they are in college! |
430 | To add opportunities to my child's future. |
431 | A wide range of investment options and all tax free. |
432 | To start my own business and make a successful future for me and my daughter. |
433 | Newborn daughter! What better reason do I need? |
434 | Become my grandchildrens favorite grandparent. |
435 | The gift that grows for 18 years. |
436 | To start when they are young and maximize the potential. |
437 | I don't have to pay taxes on capital gains! |
438 | Savings accumulate faster with tax-deferred growth. |
439 | I will have a place/way to keep any scholarships my children get now in there junior and freshmen years of high school. |
440 | Easy stress free way for monthly contributions to make a big impact |
441 | 2 children going to college in the next 8 years. |
442 | Gifts in a 529 account entices the child to learn about college. |
443 | So I can make my parents proud both by graduating from college and by graduating without burdening them with hundreds of thousands in debt |
444 | To help my child with the cost of their education. |
445 | Enhanced savings! |
446 | Helping my child prepare for her future. |
447 | To most effectively save for my grandchildren's college education |
448 | My son can start working without having student loan debt to worry about |
449 | Why Not? |
450 | It's the better option for now AND later. |
451 | Leverage against the high cost of education in the future. |
452 | I hope to alleviate most if not all of the financial burden on my children so that they can focus on reaching their full potential in college. |
453 | I am set in my goals of completing college and hopefully receiving a stable career that will balance me enough for a family. |
454 | To achieve my happiness. |
455 | I want my children to finish college |
456 | To decrease my daughters out of pocket costs |
457 | Need to get this kid all smart |
458 | The kids might actually go to college. Then again trade school might be an awesome option. |
459 | It's a better investment than a 72'' flatscreen tv |
Want to Learn More About 529 Plans?
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Have questions about 529 plans? This 529 Day, get all of the answers to your biggest college savings questions! Join us for a free, live Q&A webcast on
May 29th, 1 p.m. EST
featuring three industry experts who will answer questions about saving for college and 529 plans.