{"id":454109,"date":"2021-03-09T15:58:17","date_gmt":"2021-03-09T20:58:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454109"},"modified":"2021-03-09T15:58:17","modified_gmt":"2021-03-09T20:58:17","slug":"celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan\/","title":{"rendered":"Celebrate The New Baby by Building a Foundation for Success with The Education Plan"},"content":{"rendered":"<div class=\"mw_release\">\n<p>Santa Fe, NM, March  09, 2021  (GLOBE NEWSWIRE) &#8212; Welcoming a new baby into the family is one of the most exciting times in a parent\u2019s life. It\u2019s also a time filled with planning, new concerns, and looking to the future. While new parents may not be considering the future college or career choices of their newborn, starting a 529 college savings account early in the child\u2019s life can be one of the most beneficial planning decisions a parent can make.<\/p>\n<p>\u201cWhether you\u2019re a new parent hoping to give your child the best opportunities in life, or you\u2019re looking for a unique and meaningful baby shower gift, there\u2019s no better time to start saving for education than at the beginning of a child\u2019s life,\u201d said Ted Miller, Executive Director of the Education Trust Board of New Mexico, the state agency that administers The Education Plan\u00ae 529 college savings plan. \u201cThe account will grow over time and benefit from tax-free growth. Saving even a small amount every month can grow to tens of thousands of dollars when your child is ready for college.\u201d<\/p>\n<p>Opening an account years before the funding will be used allows time for the investment to grow at a greater rate than opening an account closer to a child\u2019s high school graduation. Additionally, the earlier the account is open, the more the account holder can contribute over time. This can alleviate the potential time-sensitive financial hardship on a family during the years closer to college.<\/p>\n<p>Gifting to a 529 account is also easy with The Education Plan\u00ae. \u201cGifting to a child\u2019s 529 plan account is a great way to crowdfund education and help reduce student debt,\u201d explained Miller. \u201cFamily and friends can contribute to the child\u2019s 529 account. It\u2019s the best gift ever \u2013 the gift of education.\u201d<\/p>\n<p>The Education Plan\u00ae also offer tax benefits. Contributions are tax-deductible on some state income tax returns, and earnings grow free of state and federal taxes. Withdrawals are also tax-free when used to cover qualified education expenses. Savings plans can be opened with as little as $1 and contributions can be made whenever the account holder chooses.<\/p>\n<p>\u201cEvery little bit contributed to education is a step in the right direction,\u201d added Miller. \u201cMaking small monthly contributions\u2014or contributions whenever your finances allow\u2014is a great way to help your children avoid student loan debt and set them up for a bright future.\u201d<\/p>\n<p>The Education Plan\u00ae can be used to cover tuition, housing, meal plans, books, supplies, computers and fees at any school nationwide\u2014vocational or trade schools, professional schools, colleges and universities\u2014making it a wide-ranging option, no matter what your children\u2019s interests may be as they grow.<\/p>\n<p>To learn more about The Education Plan\u00ae, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YffvtKHsqLKk7-Cqq8VOZKeoPlQC3m9CJ8g00lnDePHc-yjIHAwJBDJ1z_HXfXhjBlUhFhCvCqlsHTiIAD9LytR_qzsctggK6T2eOMd211o=\" 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=ODE4NzA2MyM0MDU1Nzg3IzIxOTczODM=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/2836277e-b2fb-4c2e-b2de-8756214204ca\" 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>Santa Fe, NM, March 09, 2021 (GLOBE NEWSWIRE) &#8212; Welcoming a new baby into the family is one of the most exciting times in a parent\u2019s life. It\u2019s also a time filled with planning, new concerns, and looking to the future. While new parents may not be considering the future college or career choices of their newborn, starting a 529 college savings account early in the child\u2019s life can be one of the most beneficial planning decisions a parent can make. \u201cWhether you\u2019re a new parent hoping to give your child the best opportunities in life, or you\u2019re looking for a unique and meaningful baby shower gift, there\u2019s no better time to start saving for education than at the beginning &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Celebrate The New Baby by Building a Foundation for Success with The Education Plan&#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-454109","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>Celebrate The New Baby by Building a Foundation for Success with The Education Plan - 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\/celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Celebrate The New Baby by Building a Foundation for Success with The Education Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Santa Fe, NM, March 09, 2021 (GLOBE NEWSWIRE) &#8212; Welcoming a new baby into the family is one of the most exciting times in a parent\u2019s life. It\u2019s also a time filled with planning, new concerns, and looking to the future. While new parents may not be considering the future college or career choices of their newborn, starting a 529 college savings account early in the child\u2019s life can be one of the most beneficial planning decisions a parent can make. \u201cWhether you\u2019re a new parent hoping to give your child the best opportunities in life, or you\u2019re looking for a unique and meaningful baby shower gift, there\u2019s no better time to start saving for education than at the beginning &hellip; Continue reading &quot;Celebrate The New Baby by Building a Foundation for Success with The Education Plan&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T20:58:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzA2MyM0MDU1Nzg3IzIxOTczODM=\" \/>\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\\\/celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Celebrate The New Baby by Building a Foundation for Success with The Education Plan\",\"datePublished\":\"2021-03-09T20:58:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan\\\/\"},\"wordCount\":479,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NzA2MyM0MDU1Nzg3IzIxOTczODM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celebrate-the-new-baby-by-building-a-foundation-for-success-with-the-education-plan\\\/\",\"name\":\"Celebrate The New Baby by Building a Foundation for Success with The Education Plan - 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