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One of the painful lessons of 2008 was that 529 college savings plans can lose money. Sometimes, a lot of money. 529 plans, like 401(k) retirement plans are simple constructs for holding your savings; in the case of 401(k), it’s savings for retirement, while a 529 holds savings for college costs. But if you happen to [...] 529 plans have been an increasingly popular way to save for college now for a number of years, but recent data suggests that parents are dropping out of 529 plans. Some are opting for other methods of saving, while others simply can’t afford to save for college. According to this Wallstreet Journal article, the amount contributed [...] 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 [...] 529 college saving plans are tax deferred investment accounts that are a lot like a 401(k) plan except instead of saving for retirement, you’re saving for college. Just as with 401(k) plans, some 529′s carry a wide assortment of investment options to choose from and this can sometimes get complicated. But for most people, a 529 [...] |
 
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