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re: Best Plan for Kid's College Funds

Posted on 10/4/13 at 10:17 pm to
Posted by Breadcrumbs
Baton Rouge
Member since May 2005
2982 posts
Posted on 10/4/13 at 10:17 pm to
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.
Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 10/4/13 at 11:47 pm to
How do yal know where your kid is going to go when he selects his college? I feel like there's no way I could select a specific state.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26598 posts
Posted on 10/5/13 at 6:59 am to
quote:

I thought even the highest brackets get 2% match in LA


That may actually be the case and I just overlooked the match when looking over the statement from 2012.

Broke -- any thoughts on why you chose American Funds 529 over State of La?
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