The Nevada Treasury will celebrate National 529 College Savings Day with community events across the state and gift baskets for families welcoming babies on May 29.
Observed each year on May 29, 529 Day highlights the importance of saving early for higher education through 529 college savings plans. The Nevada Treasury is also marking 30 years of supporting college savings efforts for Nevada families.
“Roughly 30 years ago, the Nevada Treasury made a commitment to help Nevada families invest in their children’s futures, and that commitment has never been stronger,” Nevada State Treasurer Zach Conine said. “529 Day is our opportunity to remind every family at any stage that the best time to start saving is today. We’re proud to serve Nevadans with accessible, flexible tools to make college more attainable for all.”
Families whose babies are born on May 29 will receive gift baskets that include a $529 gift certificate for a Nevada 529 college savings account.
The Treasury also plans on a community event in northern Nevada on 529 Day.
At the Greater Nevada Field, Treasury staff will host a booth during the Reno Aces game at 6:35 p.m. Fans visiting the booth can enter a raffle for a $529 contribution to a 529 account.
“The earlier families begin saving, the more their investments can grow over time, turning small contributions into significant savings down the road,” Mathis-Coleman said. “Whether your child is a newborn or already in the middle of their educational journey, we hope to see Nevadans at one of our events because it’s never too early to start planning for their future.”
The Nevada Treasury said its 529 plans allow savings to grow on a tax-deferred basis, with tax-free withdrawals for qualified education expenses, including tuition, fees, books, and student loan payments. Funds can be used at eligible schools nationwide, including community colleges, universities, and trade schools.
Families can learn more about Nevada’s 529 plans through Nevada 529 plans.
