COLLEGE SAVINGS 101

Savingforcollege.com

VIDEO - Which 529 plan is best for me?
http://www.savingforcollege.com/articles/video-which-529-plan-is-best-for-me

Posted: 2014-05-29

by Kathryn Flynn

Happy National 529 College Savings Day!

Throughout the month of May, you’ve probably been hearing a lot about 529 college plans. Every year during the weeks leading up to 5/29 (529 Day), the college savings industry promotes the benefits of these plans and encourages American families to start saving for future tuition costs. If you’ve been paying attention, you already know that by investing in a 529 plan, your earnings will grow tax-free and your withdrawals will also avoid taxes if they are used toward college expenses. Your state may also be running special promotions for those who enroll in their plans and offer additional state tax incentives. You’ve also heard that 529 plans are easy to maintain and flexible compared to other types of investments.

But with hundreds of different options available, how do you know which plan to choose?

As Joe Hurley mentions in the video below, the best 529 plan is the one that will give you the greatest return on your invested dollars, with the least amount of hassle. For example, state tax deductions on contributions are wonderful, except when they come with higher fees and poor investment performance. It’s also important to understand the functionality of the plan you are considering because things like flexibility of ownership changes vary between different plans.

Savingforcollege.com offers a variety of great tools and resources to help you compare 529 plans, some of which you can’t find anywhere else, including:

If you have specific questions on 529 plans or anything related to planning for college, be sure to join us today at 1:00pm ET for a live Q&A webcast featuring a panel of industry experts including Joe Hurley, Lynne O’Shaughnessy and Troy Onink. Tara Siegel Bernard from The New York Times will be moderating this one-hour event. Each person who registers will be entered to win a free Amazon T.V.

Watch Joe's video to help you choose the right 529 plan!

Happy National 529 College Savings Day!

Throughout the month of May, you’ve probably been hearing a lot about 529 college plans. Every year during the weeks leading up to 5/29 (529 Day), the college savings industry promotes the benefits of these plans and encourages American families to start saving for future tuition costs. If you’ve been paying attention, you already know that by investing in a 529 plan, your earnings will grow tax-free and your withdrawals will also avoid taxes if they are used toward college expenses. Your state may also be running special promotions for those who enroll in their plans and offer additional state tax incentives. You’ve also heard that 529 plans are easy to maintain and flexible compared to other types of investments.

But with hundreds of different options available, how do you know which plan to choose?

As Joe Hurley mentions in the video below, the best 529 plan is the one that will give you the greatest return on your invested dollars, with the least amount of hassle. For example, state tax deductions on contributions are wonderful, except when they come with higher fees and poor investment performance. It’s also important to understand the functionality of the plan you are considering because things like flexibility of ownership changes vary between different plans.

Savingforcollege.com offers a variety of great tools and resources to help you compare 529 plans, some of which you can’t find anywhere else, including:

If you have specific questions on 529 plans or anything related to planning for college, be sure to join us today at 1:00pm ET for a live Q&A webcast featuring a panel of industry experts including Joe Hurley, Lynne O’Shaughnessy and Troy Onink. Tara Siegel Bernard from The New York Times will be moderating this one-hour event. Each person who registers will be entered to win a free Amazon T.V.

Watch Joe's video to help you choose the right 529 plan!

 

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