Dad on the Rise

On Tuesday, March 24 my wonderful wife and I went to Manhattan to attend a breakfast sponsored by Upromise and MomSelect.  It was a very nice and informative breakfast program that not only explained the Upromise program and the many benefits of the New York 529 College Savings Plan, but showed the company’s commitment to children by unveiling the largest piggy bank and  honoring the winner of the Tuition Tales video contest.

Tuition Tales allows anyone who may need money for college the opportunity to win a scholarship to cover some of the cost of their tuition. Simply create a 30-second video explaining why you need the money and you could be chosen as the winner in one of three categories. Be sure to check out the Tuition Tales site for more information.

The program was emceed by Maria Baileyof Momselect and included as  guest speakers David Rochon, President of Upromise, and Ellie Kay, author of Living Rich for Less.  The program concluded with a live performance from Caleb Shreve, who won $10,000 in the Tuition Tales video contest with a very humerous song he filmed for his 30 second short, followed by the unveiling of the giant piggy bank.

The breakfast was extremely informative as I have heard of Upromise and thought it was nice and all, but after actually taking the time to her about the real benefits of registering for it and how to link it to the New York 529 program I have openned my eyes and stopped thinking that I have time to wait to start saving for my 3 year old’s college education.  Actually for me the best part of the morning was talking in depth with the New York 529 representative and what over the nuts and bolts of the program.  How, unlike many other 529s out there, the New York 529 only requires a minimum openning deposit of $25.  Most require an intial deposit of $1000 or more.  There is a definate advantage to openning up the 529 along with registering for Upromise as in conjunction the 2 programs compliment each other.

Here I thought I was being dragged to some boring lecture by my dear wife, but I must admit I enjoyed the event and have been talking about it days later.  So much valuable information was obtained and now we just need to get into gear.

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