Elfknitter.# Posted July 15, 2012 Share Posted July 15, 2012 If you have one or more for your child(-ren), how did you decide on that plan? I know each state has one, fees and rates vary, you don't have to be a resident of that state to participate, and some states have tax deductions (mine doesn't. :glare:) I'd like to start 3 accounts for our monkeys. Quote Link to comment Share on other sites More sharing options...
Laura Corin Posted July 15, 2012 Share Posted July 15, 2012 As far as I remember, we started by looking at the investment record of the company that would be managing the plan. Laura Quote Link to comment Share on other sites More sharing options...
Elfknitter.# Posted July 15, 2012 Author Share Posted July 15, 2012 May I ask who you went with? Quote Link to comment Share on other sites More sharing options...
Laura Corin Posted July 15, 2012 Share Posted July 15, 2012 May I ask who you went with? But we set up the plans a long time ago, so you would need to see recent figures about how any provider had performed. Laura Quote Link to comment Share on other sites More sharing options...
Halftime Hope Posted July 15, 2012 Share Posted July 15, 2012 At one point the UTAH SEP 529 was ranked very highly. Couldn't say what it is doing now. Quote Link to comment Share on other sites More sharing options...
Mommyof4ks Posted July 15, 2012 Share Posted July 15, 2012 I would go an talk to an investment broker from somewhere like Edward Jones. That is what we did, and because of his advice we opted not to set up the 529, because we get a greater return on the mutual fund he chose and the kids can use it for anything rather than just college expenses should they decide to start a business or do an apprenticeship or something other than college when they graduate. They cannot touch it until 18, so if they seem to have no plan, then we can wothdraw it and hold it until they do have a plan so they do not waste it. :001_smile: Quote Link to comment Share on other sites More sharing options...
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