529 college savings / college savings / education / education savings plans

Plan ahead for post-secondary education with a 529 account: Utah residents can get free money from Utah’s 529 plan

Your child is about to finish another school year—one of the most challenging for many students.

With their future in mind, my529 is celebrating 5•29 Day by offering a boost for their educational dreams.

Up to $40 contributed to your new my529 account

Open a new my529 account between May 1 and May 31, 2021, and you could be eligible to receive up to $40 contributed to your account.

First, contribute at least $25 to the new my529 account between May 1 and May 31, and my529 will match the $25 contribution on or about June 7, 2021, if you meet the requirements below.

  1. You must be a Utah resident.
  2. Your beneficiary does not have to be a Utah resident, but he or she must be new to my529.
  3. You must open a my529 account between Saturday, May 1, and Wednesday, May 31, 2021, in one of the following ways:
    • Go to my529.org, click Enroll Now, and follow the prompts.
    • Complete and submit an Individual Account Agreement, available for download at my529.org.
  4. Include the following promotional code during the account setup process: 529DAY2021
  5. Contribute at least $25 to your new my529 account between May 1 and May 31, 2021, to be eligible for the my529 match—as long as promotional funds are available.

Second, to get an additional $15 (for a total amount of $40 with the $25 match), you must meet the following requirements:

  1. You have successfully completed the steps outlined above and qualified for the $25 matching promotion using the following promotional code: 529DAY2021
  2. You set up an automatic monthly recurring contribution when you opened your my529 account between May 1 and May 31, 2021.
  3. The monthly automatic contribution must occur uninterrupted for six consecutive months to be eligible for the additional $15 my529 contribution―as long as promotional funds are available.
  4. The $15 contribution from my529 will then occur on or around December 31, 2021, provided that six automatic recurring contributions have already been made.
  5. Source: https://my529.org/529-day-2020/?utm_source=my529+Utah+Account+Owners&utm_campaign=4426e457af-EMAIL_CAMPAIGN_2020_05_01_01_48_COPY_01&utm_medium=email&utm_term=0_b75477cf99-4426e457af-110276445

Source: Financial Planning for Women