As a parent each year, you need to remember a lot of dates: Birthdays; when school starts; doctors’ appointments and so on. May 29th, however, holds big significance when it comes to raising your child in Colorado!

Parents
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May 29th only comes once a year; like Christmas. You COULD consider May 29th a ‘future Christmas’ kind of holiday, though! May 29th has been set aside as ‘529 Day’- a day to remind Colorado parents to start saving for their kids’ college education by taking advantage of section 529 of the complicated IRS tax code.

Consider it a 401K for your kids’ college: You divert money now, it gets invested and grows so that later, your kids can use that money for college. Plus, like a 401K, the money you set aside each year can be deducted from your COLORADO tax return, too!

Forget all that ‘where’s the money going to come from’ stress. Lay out an extra percentage of your paycheck to your munchkin’s education! I can see where, if you are setting aside money that will grow into a college education- that you’d probably be even MORE involved with their elementary, middle and high school performance. 'Come on Jeffy! You have a college fund waiting, you need to up those grades!’

So, get the family together and announce “We’re all going out to celebrate!” They’ll look at you funny, because Memorial Day was LAST week, but once you’re all sitting around eating all-you-can-eat breadsticks, you unleash the news: “Jeffy, Melanie, I’ve opened your 529s!” Of course, they MAY not be all that excited, considering you should really start before they start kindergarten, but hey! It’s great news! Celebrate!

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