When you invest in a 529 education savings account for a loved one, you show them you believe in their future. With a 529, you can help them achieve their dreams with less debt. And you get tax benefits, flexible investment portfolios and great gifting options, too!
A 529 plan is a tax-advantaged education savings plan designed to make future education more affordable for families. The Education Plan® is a 529 education savings plan sponsored by New Mexico, but you don’t have to be a New Mexico resident to have an account.
The unique tax benefits of 529 plans help families save more for future education.
New Mexico taxpayers can deduct 100% of contributions to The Education Plan from their annual state taxes.
With The Education Plan, you can start small and grow your savings at your own pace.
Use the funds in your 529 to cover a wide variety of education-related expenses, including K-12 tuition, apprenticeship programs, software and technology needs, and much more.
Choose the investment portfolio that works for your family. Not sure where to start? We’ve got you covered with our straightforward age-based options.
Saving for future education can be daunting. But with Ugfit, you don’t have to do it alone. Simply activate your unique code and share it with friends and family so they can make contributions and help you save.
Anyone can open and almost anyone can be a beneficiary.
Phone: 1-877-337-5268 We’re available Monday to Friday 8 a.m. to 7 p.m. MT
The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Board of New Mexico used under license.
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For more information about The Education Plan, call 1.877.337.5268 or view the Plan Description and Participation Agreement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.
Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You also should consult a financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 plan(s), or any other 529 plan, to learn more about those plan’s features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
The Education Plan is administered by The Education Trust Board of New Mexico. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates, have overall responsibility for the day-today operations, including investment advisory, recordkeeping and administrative services. The Education Plan’s portfolios invest in: (i) mutual funds; (ii) exchange traded funds; and/or (iii) a funding agreement issued by New York Life. Investments in The Education Plan are not insured by the FDIC. Units of the portfolios are municipal securities and the value of units will vary with market conditions.
Investment returns will vary depending upon the performance of the portfolios you choose. You could lose all or a portion of your money by investing in The Education Plan depending on market conditions. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences.
Ugift is a registered service mark of Ascensus Broker Dealer Services, LLC.
The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Trust Board of New Mexico used under license.
All other marks are the exclusive property of their respective owners.
Not FDIC-Insured. No Bank, State or Federal Guarantee. May Lose Value.
