Iowa has launched a Baby 529 College Savings Giveaway program in which it will randomly award $1,000 in money toward a 529 plan to one baby a month at participating Iowa hospitals. Every family that registers their child, however, will also receive a small welcome home gift, courtesy of Iowa State Treasurer Michal L. Fitzgerald.
We want to send a message to all new parents letting them know its never to early to start planning for a childs future, Fitzgerald said. Even a small amount invested regularly can grow into a substantial amount over time, the Treasurer added. In that state, parents, family or friends can open a 529 plan with as little as $25.
