May has already come and gone but we are still celebrating “5-2-9 Day.”
Named after Section 529 of the IRS Code, states nationwide with 529 college savings plans celebrate May 29th every year. And the state of Alabama wants to celebrate by investing in the future.
Our client CollegeCounts, Alabama’s 529 Fund, is celebrating this holiday with their second annual 5/29 Giveaway. Alabama families who welcomed a newborn to the world during the month of May are eligible to enter to win one of 31 CollegeCounts contributions of $529 to kickstart their college savings plan.
“This promotion was put in place to encourage families to begin investing early and often,” said Young Boozer, Alabama State Treasurer. “When a baby arrives it’s hard to plan for long-term, but the hope is to bring to light the importance of planning for what’s next.”