Joe Hurley launched Savingforcollege.com in 1999 while working as a tax CPA in Rochester, New York. He wrote and self-published the book 'The Best Way to Save for College--A Complete Guide to 529 Plans', now in its eleventh edition with over 100,000 copies sold. Through the years Joe and his wife Ginny opened accounts with 529 plans in 34 states for their two children, both of whom are now graduated from college. (The reason for so many different accounts was to facilitate research of 529 plans.) Joe now spends his full-time at Kettle Ridge Farm (maple syrup, honey, and shiitake mushrooms), though you may still see him occasionally at Savingforcollege.com.
Four Reasons to Buy a 529 Plan through an Advisor
True, it often costs more to buy a 529 plan through a financial advisor, but some of the largest plans in the country are advisor-sold. But, some investors prefer advisor-sold 529 plans because they need help in selecting a 529 plan or want active management of their investment.
Coverdell ESA versus 529 plan
The Coverdell ESA offers superior investment flexibility, potentially lower costs, and tax free treatment for a wide range of elementary and secondary school (K-12) costs, compared to 529 college savings plans. However, the Coverdell ESA comes with limitations that could make a 529 plan more attractive for many investors.