3 Best 529 College Savings Plans
Posted on | June 4, 2009 |
If you have kids, chance are pretty high you’ve heard of 529 college saving plans. Maybe you’re wondering which is the best? Well, here are the 3 best plans (as chosen by Money Magazine).
Interestingly, there’s no mention of the California 529 college savings plan, which seems to be advertising a lot these days. Hmm.. guess the good plans don’t have to advertise? 
Each offers good, low risk investment options and low fees.
Illinois BrightStart College Savings Program - Direct solid plan.
Managed by: Oppenheimer & Vanguard
Expenses: 0.20% - 0.63%
Low-risk option: Principal protection fund - UP 2.5% last year.
Ohio College Advantage Savings Plan
Managed by: Fifth Third, Pimco, Vanguard, and more
Expenses: 0.19% - 0.91%
Low-risk option: Fifth Third CDs (10 year CD yields 5%)
Utah Educational Savings Plan
Managed by : Vanguard and others
Expenses: 0.22% - 0.35%
low-risk option: FDIC-insured savings, 1 year CD yielding 1.9%
Just because your state isn’t on the list doesn’t mean you should overlook it. I use the NY 529 plan (http://nysaves.com) which offers comparable options to these, but also allows me to deduct the contributions from my state taxes.
- Financial Risk Management.
- This Woman is Crazy!
- Why You Should Have a Financial Plan.
- How NOT to fix the 401(k).
- Saving for a Rainy Day
- I will not pay for my children's college education, part 1
- Five Ways to Stay Disciplined in Your Savings
- Personal Finance Resolutions to Avoid this Year
Comments
One Response to “3 Best 529 College Savings Plans”
Leave a Reply
Popular Posts
Featured Links
Need Help With your Debt?
Incredible DealsRecent Posts
Categories
Archives
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
Sponsors
Scan2Contacts
Search
Get Updates
by Email
Recent Comments
Tags
401(k) 529 savings plan Auto Insurance bailout Banking Bankruptcy blogging Building Wealth college savings Cramer Credit Credit Cards Credit score Debt debt settlement Economy Employment foreclosure getting out of debt How To Income Insurance Investing Life Insurance money Mortgage Rates Mortgages news Opinion Rant Real Estate Recession Retirement Review Reviews Saving Saving Money Savings Scam spending Sponsored Stock Market Stocks Taxes TipsContact
Blogroll
Blog Catalog Visitors
Disclaimer
Unique visits since 2008:
June 5th, 2009 @ 12:29 pm
A parents first financial step for kids should be the Monetta Young Investor Fund rather than a 529 plan. This fund has a kids-theme investment approach, a financial literacy component and free college tuition credit program. It has a low minimum investment($100)and good investment performance.