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re: Best Plan for Kid's College Funds
Posted on 10/4/13 at 8:25 pm to Broke
Posted on 10/4/13 at 8:25 pm to Broke
I currently utilize Louisiana's 529 program. I am thinking about using another investment vehicle. Louisiana gives you a tax break and a match. Of course, both depends on your income. I'm to the point where I don't get a match. Also, the investment options are really limited, but I would assume most 529s are similar in that regard. Thinking about going a different route.
1
Posted on 10/4/13 at 10:17 pm to rmc
I thought even the highest brackets get 2% match in LA, plus a state income tax deduction for contributions up to $4800 per kid for married folk. It's vanguard funds, lots of index choices from them. Owners of the account or the kid/beneficiary Must be LA residents. Can be used for any accredited school in country. No brainier for LA residents I would think. Always highly ranked in 529 offerings comparatively I believe.
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