05/29/2026
It’s 529 day… yes, that’s a real thing, and yes, we’re running with it because 5-29 doesn’t come around every day.
A 529 plan is a way to save for future education expenses with some helpful tax advantages. It can be used for college and, depending on the plan, other qualified education costs as well. The real advantage is time and consistency. Even small, steady contributions have the potential to grow when they’re given enough time.
If you already have children, are planning for them, or just want to stay ahead of future education costs, it is something worth getting familiar with early. Eighteen years sounds long… until it isn’t.
Prior to investing in a 529 College Savings Plan, you should compare the Plan with any 529 college savings plan offered by your home state or your beneficiary’s home state and consider, before investing, any state tax or other benefits that are only available for investments in the home state’s plan. Please read the Plan’s Disclosure Document which includes investment objectives, risks, fees, charges and expenses, and other information. You should read the Plan Disclosure Document carefully before investing. For this and other information on any 529 College Savings Plan, contact First Command at (580) 238-5614 or your Financial Advisor. Please note that the availability of tax or other benefits may be conditioned on meeting certain requirements such as residency, purpose for or timing of distributions or other factors as applicable. As with any investment, it is possible to lose money by investing in a 529 College Savings Plan. Information provided is for general purposes only and is not intended to be a substitute for specific individualized tax or legal advice. Where specific advice is necessary or appropriate, please consult a qualified tax or legal advisor.
