Why does the boost grow faster than just saving gradually?

Maida

Once you set up a 529 plan with Backer, your contributions will be invested in a secure, government-sponsored plan.

With any long-term investment, it helps to start your fund with a bigger upfront contribution. When you invest more early on, you’ll benefit from the power of compound growth—which helps your money grow faster over time.

But most families aren’t set up to save that way, and that’s why we’ve created the boost. We can advance your first year of contributions, which means your investment can start to grow right away.

When you start with a boost, you can expect your first year’s returns to be about double what they would be without a boost.


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