{"id":413408,"date":"2021-01-12T13:48:13","date_gmt":"2021-01-12T18:48:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413408"},"modified":"2021-01-12T13:48:13","modified_gmt":"2021-01-12T18:48:13","slug":"able-to-save-your-600-cares-act-money","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/able-to-save-your-600-cares-act-money\/","title":{"rendered":"Able to Save Your $600 CARES Act Money?"},"content":{"rendered":"<h2>\nA 529 College Savings Plan Could Be The Perfect Investment<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>Santa Fe, NM, Jan.  12, 2021  (GLOBE NEWSWIRE) &#8212; 2020 was a volatile year for everyone. The end of the year news that most Americans will receive a $600 CARES Act check was great news. If you are in the position to not need that money to pay for household expenses or debt, investing in a 529 college savings plan might make sense. When it comes to saving for higher education expenses, it\u2019s hard to beat the tax benefits and flexibility of The Education Plan\u00ae \u2013New Mexico\u2019s 529 College Savings Plan.\u00a0<\/p>\n<p>The Education Plan provides tax-free growth and tax free withdrawal as long as the funds are used to pay for qualified higher education expenses. Several states, including New Mexico, also offer state income tax deductions for residents for contributions made to The Education Plan\u00ae. It\u2019s a compelling and effective way to save.\u00a0<\/p>\n<p>Another great feature is the Plan\u2019s flexibility. The Education Plan is easy to set up and only requires $1 to get started. Although regular contributions provide the biggest impact on account growth long-term, contributions can be made at any time and in any amount. \u00a0Studies show if a child has as little as $500 saved for college, that child is three times more likely to go to college and four times more likely to graduate.\u00a0<\/p>\n<p>In addition, the funds can be used to pay for a wide variety of higher education expenses at schools all over the country \u2013 public and private. The expenses include tuition and fees, room and board, books and supplies and even required computer expenses. Saving in a 529 Plan is a great way to reduce the burden of student debt.<\/p>\n<p>The Education Plan\u00ae also offers the flexibility of being able to transfer the account from one beneficiary to another in the event the first child doesn\u2019t use the funds. It can even be used to fund your own education expenses.<\/p>\n<p>Family members and friends can also easily gift into a 529 account. \u201cGifting to a child\u2019s 529 plan account is a great way to crowdfund education and help reduce student debt,\u201d explained Ted Miller, Executive Director of the Education Trust Board of New Mexico, the state agency that sponsors The Education Plan\u00ae. \u201cIt\u2019s the best gift ever \u2013 the gift of a promising future.\u201d<\/p>\n<p>For more information on The Education Plan, go to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IJqh0ZZhVtzzysTWYa2iESKhF_hXb57Lo0MLiIQ7mLIpNu1K22gDzUml5Ed01O8QZAk1KaF-50eScDXTtekHpAyFf8LX-5oh19NAghmVLfA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">theeducationplan.com<\/a> or call 1 (877) 337-5268.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNDU5NSMzOTE1NjExIzIxOTczODM=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/4ccf5c96-048d-48ea-aad6-443728efdeab\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Joanie Griffin\r\nThe Education Plan\r\n505-261-4444\r\njgriffin@sunny505.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A 529 College Savings Plan Could Be The Perfect Investment Santa Fe, NM, Jan. 12, 2021 (GLOBE NEWSWIRE) &#8212; 2020 was a volatile year for everyone. The end of the year news that most Americans will receive a $600 CARES Act check was great news. If you are in the position to not need that money to pay for household expenses or debt, investing in a 529 college savings plan might make sense. When it comes to saving for higher education expenses, it\u2019s hard to beat the tax benefits and flexibility of The Education Plan\u00ae \u2013New Mexico\u2019s 529 College Savings Plan.\u00a0 The Education Plan provides tax-free growth and tax free withdrawal as long as the funds are used to pay &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/able-to-save-your-600-cares-act-money\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Able to Save Your $600 CARES Act Money?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-413408","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Able to Save Your $600 CARES Act Money? - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/able-to-save-your-600-cares-act-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Able to Save Your $600 CARES Act Money? - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"A 529 College Savings Plan Could Be The Perfect Investment Santa Fe, NM, Jan. 12, 2021 (GLOBE NEWSWIRE) &#8212; 2020 was a volatile year for everyone. The end of the year news that most Americans will receive a $600 CARES Act check was great news. If you are in the position to not need that money to pay for household expenses or debt, investing in a 529 college savings plan might make sense. When it comes to saving for higher education expenses, it\u2019s hard to beat the tax benefits and flexibility of The Education Plan\u00ae \u2013New Mexico\u2019s 529 College Savings Plan.\u00a0 The Education Plan provides tax-free growth and tax free withdrawal as long as the funds are used to pay &hellip; Continue reading &quot;Able to Save Your $600 CARES Act Money?&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/able-to-save-your-600-cares-act-money\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-12T18:48:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNDU5NSMzOTE1NjExIzIxOTczODM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/able-to-save-your-600-cares-act-money\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/able-to-save-your-600-cares-act-money\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Able to Save Your $600 CARES Act Money?\",\"datePublished\":\"2021-01-12T18:48:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/able-to-save-your-600-cares-act-money\\\/\"},\"wordCount\":406,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/able-to-save-your-600-cares-act-money\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyNDU5NSMzOTE1NjExIzIxOTczODM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/able-to-save-your-600-cares-act-money\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/able-to-save-your-600-cares-act-money\\\/\",\"name\":\"Able to Save Your $600 CARES Act Money? 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