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re: 529 and START for LA residents
Posted on 9/8/23 at 9:52 pm to glorymanutdtiger
Posted on 9/8/23 at 9:52 pm to glorymanutdtiger
I use START. It's 8% with the earnings enhancement (6% taxes 2% "match"). That's an automatic $384 on $4800. Seems pretty significant to me.
The investments within the plans are both Vanguard though Ohio does have some additional options, but I don't think it's so much better it's going to overcome an 8% headstart in benefits.
And the math is for one kid. When you have 3, it's $1,152 a year.
The investments within the plans are both Vanguard though Ohio does have some additional options, but I don't think it's so much better it's going to overcome an 8% headstart in benefits.
And the math is for one kid. When you have 3, it's $1,152 a year.
2
Posted on 9/8/23 at 9:57 pm to UpstairsComputer
quote:
The investments within the plans are both Vanguard though Ohio does have some additional options, but I don't think it's so much better it's going to overcome an 8% headstart in benefits.
This. I started maxing out the investment for my older kids a little late (8ish) and the 8% plus no taxes on the gains really added up. Will cover three of their four years of out-of-state tuition. My in-state daughter will have plenty of money left over for grad school. And my youngest will have out-of-state college (or graduate school) fully paid for because I started hers at birth. It's a great program no matter which state you go with, but I'd recommend LA Start.
Posted on 9/9/23 at 7:14 am to UpstairsComputer
quote:
8% with the earnings enhancement (6% taxes 2% "match")
is this correct? State lowered tax rates
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