Babies born 5/29 receive $100 in a VT529 education savings account from VSAC and Vermont hospitals
Vermont Business Magazine
There’s no doubt that the to-do list is long for parents of newborns. Recognizing that those first days are busy, and it’s never too early to start saving for education and training after high school, new parents Alex and Kristina Umbhau decided to open a VT529 savings account before their baby was even born!
In addition to having her name put on this existing account, their daughter was lucky enough to arrive on 5/29, qualifying her for an additional $100 deposit in her account through a partnership between VSAC and the Vermont Association of Hospitals and Health Systems (VAHHS).
“I opened a VT529 account with VSAC before our daughter was born because I suspected (and it’s turned out to be true) that we would have very little time for activities other than diaper changing, figuring out her feeding and essential chores after her birth,” dad Alex Umbhau related. “Our goals are, like most parents, to have a happy, healthy little girl, which may, a very long time from now, include upper education.”