Comments on: The Best Brokers To Open A 529 Plan https://thecollegeinvestor.com/20352/the-best-brokers-to-open-a-529-plan/ Student Loans, Investing, Building Wealth Sun, 04 Jun 2023 17:26:53 +0000 hourly 1 By: Robert Farrington https://thecollegeinvestor.com/20352/the-best-brokers-to-open-a-529-plan/#comment-477147 Tue, 23 May 2023 21:44:53 +0000 https://thecollegeinvestor.com/?p=20352#comment-477147 In reply to Jennifer.

Since neither state has an income tax nor any type of deductions for contributions, it really doesn’t matter. However, Florida’s plan has lower fees – thus higher performance. You can see the rankings on plan performance here: Best 529 Plans By Performance.

]]> By: Jennifer https://thecollegeinvestor.com/20352/the-best-brokers-to-open-a-529-plan/#comment-477146 Tue, 23 May 2023 21:20:09 +0000 https://thecollegeinvestor.com/?p=20352#comment-477146 I’m wanting to open a 529 acct for my grandchildren. If we live in TN now but plan to move to FL in the future will that make any difference?

]]> By: Robert Farrington https://thecollegeinvestor.com/20352/the-best-brokers-to-open-a-529-plan/#comment-475976 Wed, 15 Feb 2023 15:25:50 +0000 https://thecollegeinvestor.com/?p=20352#comment-475976 In reply to Cal.

Check out our 529 plan guide by state:
California Scholarshare
Utah my529

California Scholarshare is a good plan, with low fees and good funds. Also, if it makes a difference, you could be eligible for the $100 matching contribution to start. Utah is also a good plan, but there’s not much difference between the two, and theoretically if California were to ever offer future tax incentives, it would likely require you use Scholarshare. That would be my recommendation, but DIY your research.

]]> By: Cal https://thecollegeinvestor.com/20352/the-best-brokers-to-open-a-529-plan/#comment-475974 Wed, 15 Feb 2023 14:37:14 +0000 https://thecollegeinvestor.com/?p=20352#comment-475974 Do you have a separate review on scholarshare? I’m a CA resident and I’m trying to decide if I should go with scholarshare or another 529 like Utah.

]]> By: Robert Farrington https://thecollegeinvestor.com/20352/the-best-brokers-to-open-a-529-plan/#comment-473598 Thu, 08 Sep 2022 18:22:17 +0000 https://thecollegeinvestor.com/?p=20352#comment-473598 In reply to Danielle Coronado.

It’s an option, but you pay a monthly fee and it’s not a 529 plan – you’ll owe taxes on gains and potentially have kiddie tax issues.

Opening a top 529 plan, such as Utah, can potentially be a better option if you want to go the 529 plan route vs. UTMA.

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