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529 Plan
Posted on 12/5/10 at 1:56 pm
Posted on 12/5/10 at 1:56 pm
I'm looking to open a 529 for my daughter but I'm not really sure how to choose the best one since it's pretty new to me. I'm a Texas resident so there would be no state income tax deduction available and I'm not interested in a prepaid tuition plan.
Since I do most of my investing with Vanguard I'm just considering signing up for the Vanguard 529 Plan which happens to be based in Nevada. I haven't done too much shopping around but my assumption is that the variety of funds available and expense ratio will be just as good or better with Vanguard than most of the other options out there.
Has anyone else with a similar situation found a better 529 plan? Is there something else I should be taking into consideration when choosing a 529?
Any help would be appreciated. Thanks.
Since I do most of my investing with Vanguard I'm just considering signing up for the Vanguard 529 Plan which happens to be based in Nevada. I haven't done too much shopping around but my assumption is that the variety of funds available and expense ratio will be just as good or better with Vanguard than most of the other options out there.
Has anyone else with a similar situation found a better 529 plan? Is there something else I should be taking into consideration when choosing a 529?
Any help would be appreciated. Thanks.
Posted on 12/5/10 at 2:08 pm to Pheeze
I believe this to be a reliable site- it get gets cited in mainstream money publications and media outlets. This is their 529 comparison page.
Saving for college.com
Saving for college.com
Posted on 12/5/10 at 2:10 pm to Minnesota Tiger
You can change plans. So if you get started in something you later deem to be less than ideal, you can switch to another plan, even another state's plan.
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