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529 plans in Louisiana
Posted on 2/14/14 at 2:41 pm
Posted on 2/14/14 at 2:41 pm
So does anyone have any experience as an employer with 529 START savings plans in Louisiana?
I looked online and they have the form that employees should submit to HR to have deductions withheld. Is there anything else the employer should or can do to administer a 529 plan for employees, or does it work like any other standard withholding situation?
I looked online and they have the form that employees should submit to HR to have deductions withheld. Is there anything else the employer should or can do to administer a 529 plan for employees, or does it work like any other standard withholding situation?
1
Posted on 2/14/14 at 8:41 pm to Crbello4Hiceman
I can tell you that in almost any state, people invested in the "state" plan are unhappy with the way it works. I have a great deal of skepticism in it for most cases. You don't need the state to get into a 529 type of plan.
Posted on 2/14/14 at 9:08 pm to Jp1LSU
La 529 plan is a good option. State tax deduction , a match and no account fee. Vanguard funds. Really the best option for a LA resident.
Posted on 2/14/14 at 10:10 pm to tigers win2
Use the LA plan.
Posted on 2/15/14 at 10:36 am to Janky
Start plan matches, you get state deduction and low expense Vanguard funds. Not a bad deal.
Posted on 2/16/14 at 10:04 am to fatboydave
If you use the LA plan, are the funds restricted to only use in LA schools?
Posted on 2/16/14 at 10:15 am to Kreg Jennings
no
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