5 Ways to Celebrate your Graduate this 529 Day
May 4, 2021
It’s the month of May and spring is here! That means, at Achieve Montana, we mark upcoming May 29th as 529 Day! 529 Day celebrates the opportunities 529 plans offer graduates. A tax-advantaged savings program, 529 plans help you save for future college expenses. You can use the resources to pay for tuition, fees, books, and specified room and board costs at colleges, and vocational and trade schools. This 529 Day, we are honoring not just high school graduates but all children who have achieved an educational milestone.
Did your five-year-old finish kindergarten? Have a middle schooler about to leap into junior high? Of course, we cannot leave out those embarking on college journeys. No matter what age or stage your child is at, it was a challenging year, and we believe in celebrating moments, big and small. However you recognize your student’s achievements, signing up for an Achieve Montana college savings account is a great way to ensure their future.
1. Zoom it!
Have a virtual graduation Zoom party with friends and family. Play games like voting on who has the best Zoom background.
2. Get Outside!
Hold your graduation party outside at your favorite local park.
3. Reverse it!
Host a reverse graduation party where well-wishers can drive by your home and celebrate your graduate curbside.
4. Go for a drive!
Decorate your vehicle in your graduate’s school colors and drive by the homes of family and friends. Family and friends can wave signs of encouragement as you drive by.
5. Time it!
Keep your party size small, intimate, and timed. Limit the number of guests you invite and then spread out the time between each guest visit.
Want to Learn More?
For more information about Achieve Montana, call 877.486.9271 or visit www.achievemontana.com.
Investing in Achieve Montana is an important decision for you and your family. Please carefully review and consider the Enrollment Kit available at AchieveMontana.com before making an investment decision. It includes a Program Description that discusses investment objectives, risks, charges, expenses and other important information.
If you are not a Montana taxpayer, before investing in Achieve Montana, you should consider the benefits of your home state's qualified tuition program. It may provide taxpayers with state tax and other benefits such as financial aid, scholarship funds and protection from creditors, that are only available through your home state's qualified tuition program. You should also consult your financial, tax, or other advisor to learn how state-based benefits (or limitations) would apply to your specific circumstances.Tax and other penalties may apply to non-qualified withdrawals.
Except to the extent of the New York Life Insurance Company guarantee that is available for the Capital Preservation Portfolio and certain Year of Enrollment Portfolios, investment returns are not guaranteed, and you could lose money by investing in Achieve Montana.
Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. Tax and other benefits are contingent on meeting other requirements and certain withdrawals are subject to federal, state, and local taxes.