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 more 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 created the boost. We can advance your first $1,000, 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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