What is a 529?
A 529 plan is a tax-advantaged tool to save and grow money for future education expenses. 529 plan
savings have the opportunity to be invested and benefit from the potential of tax-free, compounding
growth over time. Additionally, some states offer state income tax breaks on contributions, including
New Mexico. Anyone can open and contribute to a 529 account for anyone else, including grandparents,
relatives and friends. Learn More >