The college savings plan industry is gearing up for May 29th,National 529 Day. Many states are having huge promotions to educate peopleabout 529 plans. Some states are advocating their 529 plans on different socialmedia sites. Other states are giving away cash prizes to fund a 529 account.Virginia is giving away $5,000 to two people. One of the prizes will be givento someone who already has a 529 account. Additionally, Virginia is rafflingoff tickets for a prepaid college account. The promotions to open 529 accountshave been paying off. By the end of 2012 there were 11.1 million 529 accounts alarge increase from past years. The 529 plans can either set up like a mutualfund or be prepaid accounts. People who have questions about 529’s should consider attending a live Q&A Webinar with expert Joe Hurley on May 29th at 11:30am.
See Ashlea Ebeling, 529 College Savings Plan Giveaways On Tap on May 29, Forbes, May 29, 2013.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
