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Learning, Sharing, and Teaching => Investor Alley => Topic started by: brellis1vt on December 22, 2018, 07:45:02 PM

Title: 529 plans
Post by: brellis1vt on December 22, 2018, 07:45:02 PM
When my daughter was born I started investing in the Pennsylvania 529 plan.  I think it might be better to invest in a different states funded plan for performance (I still can get all the tax benefits.)  Does anyone have any recommendations for which states have the best plans?
Title: Re: 529 plans
Post by: ZMonet on December 23, 2018, 05:31:08 PM
I believe both New York and Nevada use Vanguard and have some of the lowest fees.  I'm not sure about PA, but some states offer a tax deduction.  You'll have to figure out if it is worth it or not.  Some of those same states have very high fees, which offset the deduction.
Title: Re: 529 plans
Post by: notmyhand on December 23, 2018, 05:48:23 PM
Keep in mind that the PA 529 plan offers creditor protection.  I'm not sure if investing in another state's plan does the same.
Title: Re: 529 plans
Post by: reeshau on December 24, 2018, 06:34:45 AM
https://www.savingforcollege.com/intro-to-529s/which-is-the-best-529-plan-available
Title: Re: 529 plans
Post by: brellis1vt on January 01, 2019, 08:34:52 PM
THANKS EVERYONE!!