MNSAVES Celebrates
National 529 Day with
Special Bonus Offer

published May 9, 2024

St. Paul, Minn. (May 9, 2024) – MNSAVES, Minnesota’s 529 College Savings Plan, is celebrating National 529 Day with a special bonus offer of up to $100 when opening a new account. The promotion, which runs from 5/20/24 through 6/9/24 is designed to encourage parents, grandparents and other family members to start saving for future higher education costs.

“Sometimes we all need a little nudge when it comes to saving for college,” said Jim Mandler, Senior Marketing Manager for MNSAVES. “We hope this special offer is the incentive Minnesotans need to get started on their college savings journey – there’s no better time to get started.”

MNSAVES is offering two bonus levels, $50 and $100. Individuals who open an account and deposit $500 with a recurring contribution of $50 or more per month until 11/30/24 will receive $50 added to their account. Those with a minimum deposit of $1,000 in a new account and recurring contributions of $100 or more per month until 11/30/24 will see $100 added to their account.¹

The special bonus offer is just one reason to invest with MNSAVES. Research shows that Minnesota families see the value in saving for higher education, and the MNSAVES program consistently receives high marks from people across the state.²

• 83% of MNSAVES account owners are likely or very likely to recommend the plan to others
• 85%+ of Minnesota parents who are saving for higher education report that it’s one of the most important things they can do
• 84%+ of these parents “really want” their children to attend college

MNSAVES can be an ideal way to save because it can be used for additional educational opportunities or rolled over into a Roth IRA if plans change.³

To take advantage of this National 529 Day bonus offer, visit MNSAVES.org/529offer24. National 529 Day is a day dedicated to raising awareness about the value of planning and saving for higher education expenses with 529 plans.

About the Minnesota 529 College Savings Plan

The Minnesota 529 College Savings Plan (MNSAVES), Minnesota’s official 529 college savings plan, makes it easier for families to save for higher education expenses. Funds saved can be used at eligible colleges and universities, community or technical colleges and graduate schools nationwide and many abroad. In addition to tuition, funds may be used for certain room and board expenses, books, computers, supplies or other qualified expenses.

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Footnotes

1. ¹Visit MNSAVES.org/529offer24 for terms and conditions. Promotion ends 6/9/24. Sponsored by the Minnesota 529 College Savings Plan.↩
2. ²TIAA study of over 5,000 Plan Account Owners and college savers in multiple states, fielded Sept – Oct, 2023.↩
3. ³Rollovers from a 529 plan account to a Roth IRA that do not incur federal income tax should also be free from Minnesota state income tax except to the extent of Minnesota’s recapture provisions for previously deducted or credited contribution amounts. Account Owners and Beneficiaries should consult with a qualified tax professional before rolling over funds from their 529 plan to contribute to a Roth IRA.↩

To learn more about the Minnesota College Savings Plan, its investment objectives, risks, charges and expenses see the Plan Description at mnsaves.org. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Prior to investing, check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors for investing in its own 529 plan. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Minnesota College Savings Plan.

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