Comments on: Best and Worst 529 College Savings Plans http://allfinancialmatters.com/2007/03/01/best-and-worst-529-college-savings-plans/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: AllFinancialMatters » Blog Archive » JLP’s Weekly Roundup http://allfinancialmatters.com/2007/03/01/best-and-worst-529-college-savings-plans/comment-page-1/#comment-89212 AllFinancialMatters » Blog Archive » JLP’s Weekly Roundup Mon, 19 Mar 2007 20:48:23 +0000 http://allfinancialmatters.com/?p=1627#comment-89212 [...] FMF talks about 529 Plans. - This is basically the same post I did earlier this month. [...] [...] FMF talks about 529 Plans. – This is basically the same post I did earlier this month. [...]

]]> By: dimes http://allfinancialmatters.com/2007/03/01/best-and-worst-529-college-savings-plans/comment-page-1/#comment-82976 dimes Fri, 02 Mar 2007 17:16:12 +0000 http://allfinancialmatters.com/?p=1627#comment-82976 I recently (ok, it was like four months ago) read that Utah was one of the best plans. Thanks for the link. College planning/QTPs/529s has got to be one of the most daunting aspects of personal finance as far as I'm concerned. So Nebraska has the best and the worst? Interesting. I recently (ok, it was like four months ago) read that Utah was one of the best plans.
Thanks for the link. College planning/QTPs/529s has got to be one of the most daunting aspects of personal finance as far as I’m concerned.
So Nebraska has the best and the worst? Interesting.

]]> By: MossysF http://allfinancialmatters.com/2007/03/01/best-and-worst-529-college-savings-plans/comment-page-1/#comment-82894 MossysF Fri, 02 Mar 2007 17:11:58 +0000 http://allfinancialmatters.com/?p=1627#comment-82894 Huh, let's blot out the the state affiliation in the list of best plans: ... Legg Mason ... T. Rowe Price ... Union Bank & Trust ... Vanguard ... American Funds Sounds like they wanted to do an article showing best plans but realized they needed to mention some of their advertisers. Not too surprising I suppose. Huh, let’s blot out the the state affiliation in the list of best plans:

… Legg Mason
… T. Rowe Price
… Union Bank & Trust
… Vanguard
… American Funds

Sounds like they wanted to do an article showing best plans but realized they needed to mention some of their advertisers. Not too surprising I suppose.

]]> By: Dus10 http://allfinancialmatters.com/2007/03/01/best-and-worst-529-college-savings-plans/comment-page-1/#comment-82674 Dus10 Fri, 02 Mar 2007 15:47:28 +0000 http://allfinancialmatters.com/?p=1627#comment-82674 Well, they seemed to focus specifically on state-sponsored 529 plans. One that I really like is the TIAA-CREF Independent 519 Plan. It is a plan that is sponsored by over 200 private member universities. It is a pre-paid tuition 529, so there is no investment consideration other than education inflation. Plus, purchases are made with a 1% discount. In addition, all fees are handled by member universities. Now, you just have to consider if your children will go a to a private university, and if they will go to one of the members. I am splitting my contributions between this and my state's plan which offers a state tax credit of 20% up to $1000 ($5000 contribution). This will be used for any kids that don't go to a private school, and for basic expenses beyond tuition for those that do. I have three kids, and I have a feeling that at least one of them will go to a private university. If not, I plan on looking into law school about the time that my oldest will be considering her college plans. I would have loved to have gone to one of these particular schools, and I wouldn't mind going there for law school. Well, they seemed to focus specifically on state-sponsored 529 plans. One that I really like is the TIAA-CREF Independent 519 Plan. It is a plan that is sponsored by over 200 private member universities. It is a pre-paid tuition 529, so there is no investment consideration other than education inflation. Plus, purchases are made with a 1% discount. In addition, all fees are handled by member universities.

Now, you just have to consider if your children will go a to a private university, and if they will go to one of the members. I am splitting my contributions between this and my state’s plan which offers a state tax credit of 20% up to $1000 ($5000 contribution). This will be used for any kids that don’t go to a private school, and for basic expenses beyond tuition for those that do.

I have three kids, and I have a feeling that at least one of them will go to a private university. If not, I plan on looking into law school about the time that my oldest will be considering her college plans. I would have loved to have gone to one of these particular schools, and I wouldn’t mind going there for law school.

]]> By: Kim L http://allfinancialmatters.com/2007/03/01/best-and-worst-529-college-savings-plans/comment-page-1/#comment-82644 Kim L Fri, 02 Mar 2007 14:17:31 +0000 http://allfinancialmatters.com/?p=1627#comment-82644 Rock on T. Rowe Price!! Rock on T. Rowe Price!!

]]> By: Ben http://allfinancialmatters.com/2007/03/01/best-and-worst-529-college-savings-plans/comment-page-1/#comment-82469 Ben Fri, 02 Mar 2007 07:00:43 +0000 http://allfinancialmatters.com/?p=1627#comment-82469 Thanks for the heads up. I'm in one of the worst states and currently putting money in the plan. I'll have to check into it further. Thanks! Thanks for the heads up. I’m in one of the worst states and currently putting money in the plan. I’ll have to check into it further. Thanks!

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