My niece and her husband (residents of Florida) are planning to start a
college fund for their baby daughter (4 months old). They are
considering 529 savings plans and also 529 prepaid tuition plans.
Is there a place (web site or magazine or ?) that tracks the
individual state plans and compares or rates the various state plans. I
am hoping there is a single location keeping track of the returns
earned by the individual state plans and publishing the information.
I am also wondering if there are any state plans investing in a basket
of index funds. I hope my neice doesn't have my ability to pick mutual
funds and other investments that do not beat the index funds they are
measured against.
Are there other types of college saving plans to consider in addition
to the 529s?
Any comments or opinions on this topic are appreciated.
TIA, Terry
Posted by pmholzer on December 10, 2006, 10:23 am
Hello Terry,
I have found the site www.savingforcollege.com as a valuable resource.
They compare and rate plans and there is a fourm for asking questions.
I have found 529s to be the best vehicle for our children's college
savings.
Good luck,
Patrick
tseverson wrote:
> My niece and her husband (residents of Florida) are planning to start a
> college fund for their baby daughter (4 months old). They are
> considering 529 savings plans and also 529 prepaid tuition plans.
Posted by Nosmo King on December 10, 2006, 12:26 pm
>Is there a place (web site or magazine or ?) that tracks the
>individual state plans and compares or rates the various state plans. I
>am hoping there is a single location keeping track of the returns
>earned by the individual state plans and publishing the information.
Clark Howard recently updated his reviews on 529 plans:
http://clarkhoward.com/shownotes/category/1/34/281/380/
Posted by tseverson on December 14, 2006, 9:17 am
Thanks for all of this good information. Time to look into 529 plans.
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