Insight

Make this 5/29 Day count: Start saving for college today

Make this 5/29 Day count: Start saving for college today

Key takeaways

Let your money work for you:

1

Compounding interest can help your savings grow over time.

Time may beat timing:

2

Starting early matters more than trying to predict the market.

Think long term:

3

You can invest more aggressively when you have more time to recover from short-term volatility.

  • 1

    This hypothetical is for illustrative purposes only. It does not reflect an actual investment in any particular 529 plan after or any taxes payable upon distribution. Both scenarios assume an annual rate of return on investment of 6% with no funds withdrawn during the time period. Actual investment returns may be higher or lower than those shown.

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