05/29/2026
May 29 is National 529 Day! A good reminder to talk about one of the most underutilized tools in financial planning.
A 529 plan allows your money to grow tax-free when used for qualified education expenses. New York residents also benefit from a state tax deduction on contributions. And if plans change, accounts can be transferred to another family member.
The earlier you start, the more time compounding has to work. You don't need a lot to make a meaningful difference over time.
Note: Investing involves risk, and the value of your investments will fluctuate over time and you may gain or lose money. Past performance is no guarantee of future results.