By Rachel Biar, Chair of the College Savings Plans Network and the Assistant State Treasurer for the Nebraska 529 College Savings Program
February 22, 2022
Happy Twosday! 2-22-22 is notably unique and earns the recognition as a palindrome date because it’s the same forward or backward. Many celebrate this day with special events, fun school projects, and activities focusing on doubles, and you can even purchase a commemorative Twosday T-shirt! In my family, we will be celebrating my parents’ wedding anniversary. I believe my Mother picked 2-22 so my Father would never forget their special day.
My parents instilled in me at a very young age the value of education. Section 529 plans were not yet available when I was growing up and attending college, but both my parents and I saved money to help pay for my education. And I am grateful they had a strong vision for my future.
The College Savings Plans Network’s vision is to support and build 529 plans as the premier choice for families to invest in a child’s future success. We are committed to being alongside you as you navigate the growing years while using 529 plans to save for education. From 2 years old to 22 years old – toddler to college student – we are here to provide you with the tools and resources you need to create a foundation for your loved one. At our website, collegesavings.org, you can find your home state’s 529 plan and visit the 529 Search & Compare Tool to review additional plans in multiple states.
As we’re nearing the end of February, also known as the 2nd month of the year, winter can seem nearly endless. After months of chilly weather, it’s hard to imagine that warmer days are on the horizon. But soon, you’ll spot the first green buds of spring – and with a bit of sunlight and care, these sprouts will grow and bloom.
When it comes to your college savings, a little care and attention can go a long way as well to foster growth in your 529 account. Whether you’re starting to save for a newborn, a 2-year-old toddler, a child, a teenager, a 22-year-old young adult, or even for yourself, commit to forging better savings habits. Take the opportunity to assess your current situation and long-term goals to set specific, achievable targets for the remainder of the year and find ways to save and contribute to your 529 plan account. Keeping your college savings top of mind is one of the best ways to give your 529 account a boost – whether it’s through increasing contributions, finding creative ways to save, or staying informed of your investment options.
As we give the nod to this unique Twosday, I found it significant that helium has the atomic number of 2. Because it is lighter than air, balloons are inflated with helium for lift. The College Savings Plans Network and 529 plans nationwide are truly lifting young children up. Every dollar saved for education will help them soar to their futures by lifting them during their elementary and secondary school years. They are more prepared for higher education costs and hopefully less reliant on student loans as they enter post-secondary education. Interestingly, the number 22 is the atomic number of titanium, a lustrous transition metal with a silver color and high strength. Education is indeed a solid foundation, and like titanium, knowledge is strength – strength for opportunities, prosperity, and empowerment.
From 2 to 22, it is a different journey for all families, and most parents will tell you the time goes by in a blink of an eye. And while you’re watching your child, grandchild, niece, or nephew grow, the College Savings Plans Network will continue our work to develop innovations and improvements to 529 plans so you can attain your educational goals no matter what age – or number – you are focused on in your family. Today, I’m getting in on the Twosday action by doubling my February contribution to my 529 plan accounts. I might even find some Double Bubble gum to celebrate with the kids. Let us know how you celebrated Twosday!
About the Author
Rachel Biar is Chair of the College Savings Plans Network and the Assistant State Treasurer for the Nebraska 529 College Savings Program. The Nebraska Educational Savings Trust (NEST) provides four plans: NEST Direct College Savings Plan, the NEST Advisor College Savings Plan, Bloomwell 529 Education Savings Plan, and the State Farm 529 Savings Plan. The Nebraska State Treasurer serves as the Program Trustee. Union Bank & Trust serves as the Program Manager, and all investments are approved by the Nebraska Investment Council. Families nationwide are saving for college using the NEST 529 plans, which have $7.1 billion in assets and more than 296,000 accounts. Visit NEST529.com and treasurer.nebraska.gov for more information.