News Summary
The Virginia529 College Savings Plan has officially rebranded to Invest529, reflecting its evolution and commitment to providing diverse financial options for families. Invest529 now offers a variety of investment choices, including plans for education, retirement, and individual needs. To celebrate, the organization is launching a sweepstakes with a chance to win a $62,000 deposit for a 529 account. This initiative aims to inspire families nationwide to engage in smart financial planning for educational expenses.
Richmond Revamps College Savings with Invest529
Exciting news is coming out of Richmond as the Virginia529 College Savings Plan has officially rebranded itself to Invest529. This change is more than just a fresh coat of paint; it reflects two decades of evolution and a commitment to adapting alongside the ever-changing landscape of financial savings and planning. Since its launch in 1996, the organization has been helping families save for educational expenses, and now it’s reaching out to highlight even more options.
A Brand New Dawn for College Savers
The name change to Invest529 aims to better describe the wide variety of investment choices available today. The organization doesn’t just stop at education—it also offers plans for retirement savings and savings tailored for individuals with disabilities. This rebranding is a nod to how families are increasingly looking at their financial futures and seeking greater flexibility in their savings plans.
Get Ready for the Invest529 Tuition Sweepstakes!
In celebrating this rebranding, Invest529 is launching an incredible sweepstakes that’s sure to catch the attention of families across Virginia and beyond. One lucky participant will win a $62,000 deposit into a 529 account, which is enough to cover four years of in-state tuition at Virginia colleges and universities. What an amazing way to kickstart a child’s education!
How to Participate
Here’s how you can get involved—it’s easy! To enter the contest, all you need to do is watch a short video offered by Invest529. After that, you’ll fill out a simple form to toss your hat in the ring. Best of all, the sweepstakes isn’t limited to just Virginia residents; anyone can enter! So whether you’re in Richmond, or anywhere else across the country, don’t miss out on this chance as the deadline for entries is quickly approaching on April 30, 2025.
Making College Dreams a Reality
As of now, Invest529 oversees an impressive $110.3 billion in assets across no less than 3.1 million accounts. Their target date funds have provided robust five-year returns ranging from 7% to 12%. This performance showcases the potential for growth in the funds families choose, whether they’re saving for college, K-12 education, apprenticeships, or even repaying student loans.
Wider Horizons and Future Planning
The newly branded Invest529 aims to convey a broader spectrum of investment solutions that cater to a variety of future financial needs. With educational and savings options that stretch both nationally and internationally, families now have greater flexibility in how they want to plan for their loved ones’ educational journeys. Funds can be applied to both public and private college tuition, widening the horizons even further.
The Takeaway
Whether you’re looking to save for college expenses or planning for retirement, Invest529 is here to help. The new name encapsulates the essence of what they offer—smart investment solutions tailored to meet the diverse financial needs of today’s families. And with the exciting sweepstakes underway, now is the perfect time to join in the fun and embrace the future of education savings!
Deeper Dive: News & Info About This Topic
- WTOP: Four Years Free Tuition in Virginia’s 529 Sweepstakes
- Wikipedia: 529 College Savings Plan
- CNBC: Best 529 Plans
- Google Search: 529 Plans
- Bankrate: 529 Plans Alternatives
- Encyclopedia Britannica: College Savings Plans
- Henrico Citizen: Virginia529 Rebranding to Commonwealth Savers
- Google News: Virginia529 Rebranding
- Morningstar: 529 Ratings and Best Plans
- NerdWallet: 529 Plan Rules
Author: STAFF HERE WILLIAMSBURG WRITER
WILLIAMSBURG STAFF WRITER The WILLIAMSBURG STAFF WRITER represents the experienced team at HEREWilliamsburg.com, your go-to source for actionable local news and information in Williamsburg, James City County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Williamsburg Farmers Market, Yorktown Market Days, and Busch Gardens Food & Wine Festival. Our coverage extends to key organizations like the Greater Williamsburg Chamber of Commerce and Colonial Williamsburg Foundation, plus leading businesses in education and hospitality that power the local economy such as College of William & Mary, The Williamsburg Winery, and Sodexo. As part of the broader HERE network, including HEREVirginiaBeach.com, we provide comprehensive, credible insights into Virginia's dynamic landscape.
