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Best State 529 Plans.

Posted on | November 19, 2009 |

This list is from Kiplinger’s personal finance magazine “Best Of” edition.

Best 529 for low fees.

Kiplinger’s pick: Illinois’ Bright Start College Savings program. It’s no surprise that this plan is run by Vanguard, since they are known for their rock bottom fees.

Best 529 plan for fund selection.

Kiplinger’s pick for 529 plan with the best fund selection goes to the College Savings Plan of Nebraska. This 529 offers 20 funds to choose from. It’s unclear from the article however whether this fund has the most funds to choose from, or the best funds to choose from.

Best 529 plan sold by a broker.

If buying shared in your 529 college savings plan is important to you, then Kiplinger recommends Virginia’s CollegeAmerica plan, which offers 22 funds from American Funds.

Best 529 for maximizing your savings.

If you live in a state that offers a tax deduction on your 529 contributions, then you should start by investigating the 529 plan offered by your state of residence. If the plan is a truly rotten one, then you may still be better off using a different state’s plan, but it may be difficult to make up for the tax break depending on your personal tax situation.

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