I was wondering if anyone is familar with the 529 plan? My little boy just turned 2 years old and I'm thinking about a 529 plan for his future. Does anyone else have a Vanguard 529 plan? I currently have my 401k through Vanguard and saw they offer a 529 plan. I was wondering if anyone has expierence with the plan?

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Posted by Chris4x4gill2

North Alabama

Member since Nov 2008

3092 posts

Posted on 10/16/13 at 9:33 am to Crimsonsaint24

Look into an ESA as well. Usually gives more freedom on what you can invest in. Although Vanguard funds are generally highly regarded so you probably wont go wrong with a 529 through them.

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Posted by yellowfin

Coastal Bar

Member since May 2006

97615 posts

Posted on 10/16/13 at 9:35 am to Crimsonsaint24

Mine is in a Vanguard fund but it's through the LA Start Program. One is an age based fund and one is mid-cap

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Posted by Sigma

Fairhope, AL

Member since Dec 2005

3643 posts

Posted on 10/16/13 at 9:47 am to Crimsonsaint24

Mine is also Vanguard, through Alabama's College Counts program. Age-based, Aggressive. Just started this year, but things seem OK so far.

The one big advantage of 529s over ESAs is the annual contribution limit. Doubtful you could fund college maxing out an ESA. They are more flexible though.

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Posted by NBR_Exile

Houston via Baton Rouge

Member since Jul 2012

932 posts

Posted on 10/16/13 at 9:57 am to Sigma

We used the ESA's for my boys private school education. Started saving the day they were born. Had enough money in each account to pay for two years of tuition while my wife took some time off. It was nice being able to pull from the ESA, as opposed to pay it out of pocket.

My boys 529 accounts are with Utah and they are invested with Vanguard. I am extremely happy with Utah's plan.

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Posted by Kingwood Tiger

Katy, TX

Member since Jul 2005

14162 posts

Posted on 10/16/13 at 10:55 am to Chris4x4gill2