Danae Domian: May 17, 2016

Tips & Techniques to Save for College

Domian-EdwardJones
Danae Domian – Principal, Tailored Solutions

MAY 29TH IS SAVE FOR EDUCATION DAY, DEDICATED TO RAISING

AWARENESS FOR 529 PLANS AND SETTING EDUCATION SAVINGS GOALS

According to the annual 529 Plan Awareness Survey from financial services firm Edward Jones, the majority (75 percent) of Americans still don’t know what a 529 plan is. In its fifth year monitoring college savings awareness, the survey found that fewer Americans could correctly identify a 529 plan as a college savings tool from among four potential options, down 9 percentage points from 2015 (66 percent) and revealing a decrease in awareness overall. These college savings plans were first offered to Americans in 1996.

The survey found that a majority of Americans (88%) believe a college degree is important for future employment, with almost half (49 percent) of Americans agreeing that you cannot get a job without a college degree. Baby Boomers were the most likely to echo this sentiment (53 percent), compared to their millennial counterparts (43 percent) who believe the same.

As part of their ongoing effort to raise awareness for 529 plans and college savings techniques, Edward Jones branches across the country are recognizing May 29 (5/29) as “Save for Education Day” – a firm-wide holiday derived from the name of the popular college savings tool. Branches will be hosting events in their communities to remind families about the importance of setting education savings goals.  Families are encouraged to visit their local branches to learn more about planning for their children’s educational future.


MORE ABOUT DANAE DOMIAN:
 

Danae Domian began her career with Edward Jones in 1992 as a marketing specialist working in the bond trading area. In 1998, she left that position to become a financial advisor and open a branch office in Lake Oswego, Ore. In her capacity as a financial advisor, Domian served the firm in multiple roles on her region’s leadership team. Domian became a limited partner with the firm in 1995, and in 2007, she was named a principal with the firm and invited to relocate to the firm’s St. Louis headquarters to serve on the New Financial Advisor Training team. She moved to the Client Strategies Group in 2015.

A 1990 graduate from Indiana University Bloomington, Domian obtained an MBA from the University of Portland in 1998. Her husband, Tom, is an Edward Jones financial advisor in St. Louis.

 

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