State 529 college-savings plans vary; not all states issue them.
Plans
differ, depending on the options available in each state. I
like only low cost index funds as investments; your choice ought to
be made on any overall, net advantages your state plan may give you.
Another
consideration should be the advantage or disadvantage for a student
when seeking a scholarship, in having a 529. Is its tax benefit worth
having, in view of the scholarship determination by the school, despite
any investment benefits you may get?
Incidentally,
some states offer lotteries to bolster 529 use. Such merchandising
makes the program suspicious.(See the Earl J. Weinreb NewsHole® comments
and @BusinesNewshole at Twitter.)
Tuesday, February 12, 2013
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