Comments on: Morningstar’s Best and Worst 529 Plans

By: Bob

Bob — Tue, 15 Jul 2008 12:25:23 +0000

Remember that even though the NY plan may be rated a bit lower than other states, the benefit of up to a $10,000 deduction on your NYS tax return if you are a NYS resident is definitely still worth it.

By: EG

EG — Sun, 25 May 2008 12:59:49 +0000

NY plan sux – no exposure to international markets.

By: murphy

murphy — Sun, 20 Apr 2008 16:53:03 +0000

The ratings also don’t take into account annual maintenance fees–something that almost all their top performers have and NY does not. While they claim to look at fees and expenses–an annual maintenance fee can really add up.

By: Kirk

Kirk — Sat, 19 Apr 2008 00:16:01 +0000

I agree with Theo. There is no way the NY plan is in the bottom five as it uses Vanguard funds. Remember, Morningstar is the guru of active mutual funds. They don’t make the big bucks by parsing index funds. They need to keep the discussion on active funds, which is why we probably see plans by Oppenheimer, Legg Mason and American funds at the top.

By: Theo

Theo — Fri, 18 Apr 2008 20:45:57 +0000

I believe they are talking about the advisor/broker plan, not the direct plan.

By: My Dollar Plan

My Dollar Plan — Fri, 18 Apr 2008 18:34:14 +0000

I’m shocked that the Ohio plan isn’t on the best list! Vanguard index funds with low expenses… what could be better?