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How do you choose a 529 plan?
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randella
Love my little man
Member since 8/05 16290 total posts
Name:
Randi
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How do you choose a 529 plan?
And what's the difference vs performance, etc.? I thought it was just an account to put away money tax free for college? 
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Posted 12/8/08 5:39 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
CkGm
They get so big, so fast :(
Member since 5/05 13848 total posts
Name:
Christine
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Re: How do you choose a 529 plan?
Not easy- I let my DH do it. It really just an account that you can save tax free but MUST be used towards some type of education. It is hard to pick which one though.
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| Posted 12/8/08 5:42 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: How do you choose a 529 plan?
Posted by randella
And what's the difference vs performance, etc.? I thought it was just an account to put away money tax free for college?
The most important thing is usually choosing the plan that your state offers. If your state offers tax benefits, it will only be for their sponsored plan. Then, I would put the money into an age based account. Let the money managers worry about lessening risk as your child gets older and needs to take less risk. If you are in NYS, Vanguard or Columbia.
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| Posted 12/8/08 7:06 PM |
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