This back-to-school season, find your balance with a 529 plan

With another school year approaching, now is the perfect time for some back-to-school resolutions

This back-to-school season, find your balance with a 529 plan

Time to read: 2 min

I’ve always been a huge fan of resolutions — and not just on Jan. 1. When our children were growing up, my wife and I used the beginning of each new school year to make some resolutions of our own. We’d swear not to lose the permission slips for field trips, we promised that we would check homework every night and we committed to adding uplifting notes to our kids’ lunchboxes every morning. Here are three additional back-to-school resolutions that helped my family during those busy school years:

  • Establish routines and stick to them. Kids thrive when their routines are predictable and consistent — and so do parents. So, establish manageable routines that your family can actually keep, like having your kids choose their clothes for the next day before bed.
  • Use a calendar. You don’t have to go crazy and color-coordinate days of the week or plan out every moment of your life, but a calendar can make it easier for the whole family to keep track of tests and quizzes, after-school programs, football practices and doctor appointments.
  • Pack a healthy lunch. I still remember some of the mystery meat on the lunch lines of my school cafeterias! Times may have changed, but sending your kids to school with a healthy lunch in hand is a great way to ensure they’ve got the balanced choices they need to grow.

That theme of balance is important. A balanced meal full of healthy options keeps kids fueled for a busy school day, and a balanced routine also makes it easier to juggle homework, extracurricular activities, and time with family and friends. And since the start of another school year means our children are one step closer to college, now is a good time to make sure your college savings portfolio is balanced to your family’s needs as well.

Creating a balanced portfolio with a 529 plan

Take 529 plans, for example. Many include multiple portfolio options to choose from based on your family’s savings timeline and risk preferences. For instance, the CollegeBound 529 plan offers a three-tiered investment menu with 11 age-based portfolios, three target risk portfolios and a list of individual investment portfolios — so you can find a balanced option that works for your family.

Today’s 529 college savings plans also include several features. Anyone can open a plan (regardless of income level), and account owners maintain complete control of their 529 account assets. In addition, withdrawals can be used at any eligible two- or four-year college, vocational school or graduate school in the US — and in some states, they can be used for K-12 expenses as well.

This back-to-school season, resolve to keep your family’s balance with healthy routines and choices — and why not resolve to explore your college savings options as well? Talk to your financial advisor about finding the right savings plan for you.

For additional information on 529 plans, visit


Important information

Blog header image: Monkey Business Images/

Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program.

For more information about CollegeBound 529, contact your financial advisor, call 877-615-4116, or visit to obtain a Program Description, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. Invesco Distributors, Inc. is the distributor of CollegeBound 529.

Thomas Rowley
Director, Retirement and Education Strategies

Thomas Rowley is director of retirement and education strategies and one of Invesco’s most frequently requested speakers. He provides analysis of the evolving retirement landscape and develops actionable strategies to help investors and financial advisors maximize their retirement-planning opportunities. Mr. Rowley regularly shares his insights online at in addition to his speaking engagements.

Mr. Rowley’s insights reflect more than 20 years of experience in the investment industry. He translates his comprehensive knowledge of retirement planning into lively, clear explanations of the complexities of legislative, investing, tax and social issues.

Mr. Rowley shares his analyses of retirement-related issues through regular personal appearances, continuing education webinars and Web-based commentaries.

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