Liam Lim has never seen an airplane he doesn’t absolutely love. His fascination with them is so strong in fact, that Kuna and Steven Lim are seeing wings and propellers in their son’s future.
And whether that leads to a career as an aeronautical engineer, as a pilot, or something in between, Kuna said she loves watching her happy, strong-willed toddler grow and develop interests.
As one of the 2016 winners of the 529 Day Baby promotion, Liam also has an Invest529 account growing right along with him.
"We got to the hospital, had the baby and then this lady came in and asked us, ‘do you want some free money?’"
"After we got over the initial surprise, we realized how amazing it was," Kuna said.
The couple, who had already set up a college savings account for their older son Ethan, are wholehearted believers in the importance of saving for college and are proud to have the opportunity to pass that practice on to their children.
An optometrist, Kuna doesn’t regret earning her undergraduate degree at the University of Maryland- College Park --- after all it’s where she met her husband Steven. And with a limited number of optometry programs in the country ---none in Virginia--- she doesn’t regret attending college in Florida to earn her doctor of optometry degree.
It’s the bills that came with earning two degrees from higher education institutions at out-of-state rates that still give her sticker shock.
Now as the mother of two young children, Kuna would like to shield her sons from the long-term obligation of paying hundreds of thousands of dollars back in student loans.
"Student loan debt affects so many aspects of your life. When you buy a house, when you buy a car, even when you buy furniture," she said.
Thanks to their Invest529 accounts, Kuna said they’re showing the boys that saving for college isn’t a taboo topic and it will be woven into family conversations about the boys’ futures.
"We would love for them to go to the best of the best schools, wherever that makes them happy. We will support them, but we will talk to them about the cost of school."
* This individual’s experience as an account owner may not be representative of other account owners.