Celebrate The New Year with The Education Plan®

For Immediate Release
Contact: Joanie Griffin

ALBUQUERQUE, NM – As the New Year 2023 begins, consider an important New Year’s resolution that includes financial planning for a loved one’s future education with a 529 plan. The Education Plan® 529 education savings plan provides tax-advantaged savings and can help combat the rising cost of education.

The Education Plan can be opened with as little as one dollar and can be used to pay for qualified expenses, including tuition, room and board, fees, and computer equipment at colleges, universities, trade or professional schools throughout the nation– for either the account holder or a beneficiary. While investing more money into the plan allows for more long-term growth, any contributions that fit your goals and budget will make a difference.

“Putting away money now to prepare for the future is one of the best decisions anyone can make for their education or the education of a loved one. Investing money today provides an opportunity to have even more money tomorrow, and as we enter a new year, it’s the perfect time to think about the future,” said Natalie Cordova, Executive Director of Education Trust Board of New Mexico, the organization that administers The Education Plan. “A major advantage of investing in a 529 plan is its potential for tax-free compounded growth. Everything saved now will help alleviate the financial burden of attending college.”

Contributions to a 529 account grow tax-free and there is no tax on withdrawals when funds are used for qualified expenses. Many states also offer a tax deduction on state income tax for funds invested in a 529 account if funds are used for qualified expenses.

“If you received cash for the holidays or a year-end bonus from your employer, it’s the perfect time to jumpstart that 529 Savings account in the New Year,” added Cordova. “Saving for future education costs is a positive step for you and your family. We encourage everyone to start 2023 with a renewed dedication to saving for education.”

To learn more about The Education Plan®, visit TheEducationPlan.com or call 1(877) 337-5268.


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The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Trust Board of New Mexico used under license.

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For more information about The Education Plan, call 1.877.337.5268 or view the Plan Description and Participation Agreement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.

Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You also should consult a financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 plan(s), or any other 529 plan, to learn more about those plan’s features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

The Education Plan is administered by The Education Trust Board of New Mexico. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates, have overall responsibility for the day-today operations, including investment advisory, recordkeeping and administrative services. The Education Plan’s portfolios invest in: (i) mutual funds; (ii) exchange traded funds; and/or (iii) a funding agreement issued by New York Life. Investments in The Education Plan are not insured by the FDIC. Units of the portfolios are municipal securities and the value of units will vary with market conditions.

Investment returns will vary depending upon the performance of the portfolios you choose. You could lose all or a portion of your money by investing in The Education Plan depending on market conditions. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Ugift is a registered service mark of Ascensus Broker Dealer Services, LLC.

The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Trust Board of New Mexico used under license.

All other marks are the exclusive property of their respective owners.

Not FDIC-Insured. No Bank, State or Federal Guarantee. May Lose Value.