Kansas Treasurer Urges Families to Start 529 Savings With $25 as Quest529 Offers $50 Bonus
Updated
Updated · Spectrum News · May 28
Kansas Treasurer Urges Families to Start 529 Savings With $25 as Quest529 Offers $50 Bonus
1 articles · Updated · Spectrum News · May 28
May 29 National 529 Day is prompting Kansas Treasurer Steven Johnson to press families to begin education saving early, saying starting matters more than hitting any target contribution.
Johnson said a 529 account can be opened with as little as $25, and regular automatic deposits from paychecks or bank accounts can build savings over time.
He framed the main choice as steady savings versus market investing: fixed returns around 3.5% a year versus expected long-run returns in the 7% to 8% range, depending on risk tolerance and time horizon.
Quest529, which serves more than 237,000 families, highlights Kansas tax deductions, tax-free qualified withdrawals, age-based portfolios and gifting tools; new accounts opened by May 31 qualify for a $50 incentive.
Johnson said 529 funds can support community college, trade school, vocational programs and traditional college, underscoring the accounts' flexibility as education paths diversify.
529s now cover K-12, trade school, and student loans. Has this become the ultimate flexible account for all education savings?
Your child’s unused 529 funds can now become their retirement nest egg. How does this new rule change college savings strategy?
With returns from 3.5% to 8%, how do you navigate the investment risks within a 529 plan to maximize your child's future?