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Northside Hospital’s first “Tax Day Baby” wins $1,529 college savings contribution
ATLANTA – Tax Day isn’t something that most think to celebrate, but for the Mashhoon family of Decatur, the day came with two reasons—the birth of their 6 pound, 14 ounce baby boy this morning at 12:20 a.m., and a college savings contribution for Hayes, who was the first baby born at Northside Hospital on April 15—Tax Day.
“This is a really awesome surprise,” said mom, Jessica (Jessie) Mashhoon. “It’s ironic that our baby was born on tax day with me being a financial advisor,” said dad Ak Mashoon. “Starting a 529 plan is something that I encourage all young parents to think about. And it’s great to have a jump start for Hayes. We are so thankful for this.”
This is the ninth year that Northside and the Path2College 529 Plan have partnered to recognize “Tax Day” babies in an effort to raise awareness about the importance of saving for college and financial planning.
“A new baby should be more rewarding than taxes. That's why we partnered with the Path2College 529 Plan and offered a promotion to heighten the joy of the Mashhoon family by starting a path of knowledge and fulfillment for Hayes,” said Bessie Smith, operations manager of Family Centered Care at Northside Hospital, which delivered 16,000 babies last year, more than any hospital in the country. “Northside is invested in the wellness of our communities and the families who trust our compassionate health care and high-quality expertise from birth through all stages of life. We wish happiness for the Mashhoon family and all our Northside families.”
In addition to recognizing the first Tax Day baby at Northside, the Path2Collge 529 Plan also kicked-off its 2019 Newborn Sweepstakes, which will award one baby born in Georgia this year a $5,529 college savings contribution. The Path2College 529 Plan will also award $1,529 to the hospital where the Newborn Sweepstakes winner is born.
“Last year, we reached out to more than 132,000 families who celebrated the birth of a child in Georgia to inform them about the state’s college savings plan and the opportunity it provides to save for future education expenses,” said Caylee Noggle, Interim President of the Georgia Student Finance Commission, which partners with the Office of the State Treasurer to administer the Path2College 529 Plan for the state of Georgia. “If we inspire even a small number of these families to begin saving early, then we have helped create a more solid financial and educational foundation for those children. And, of course, the Newborn Sweepstakes is a great way to jumpstart that savings. We hope all new parents and grandparents will take a moment to enter and to find out more about the advantages of saving for college.”
Parents, grandparents and guardians of Georgia babies born in 2019 may go to www.Path2College529.com until April 14, 2020, for official rules, prize details and to enter for a chance to win the 2019 Newborn Sweepstakes. Entrants must be legal residents or taxpayers to Georgia and at least 18 years of age to enter. No purchase necessary. Void where prohibited. Sponsored by the Path2College 529 Plan.
For more information about the Path2College 529 Plan or to open a college savings account, please visit www.Path2College529.com or call (877) 424-4377.
To learn more about the Path2College 529 Plan, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at path2college529.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors only available for investing in its own 529 plan. Consult your legal or tax professional for tax advice, including the impact of the new federal tax changes. If the funds aren't used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.
TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC, distributor and underwriter for the Path2College 529 Plan.