Thanks, it’s been a while since I’ve thought about 529’s and it might be a good way to go for our first child. Do you have any further thoughts on choosing a different state’s plan if you’re is already a no income tax state? Thanks
Nevada, Utah, NY I think are all a good combination of low cost and easy to use. Beside the fees, the actual fund choice should be something pretty broadly diversified and heavy equity , so something like a vanguard total stock market fund or another issuer’s equivalent. Some states also offer target date funds, which are basically just 100% total stock market to start and then taper to a closer to 50/50 stock/bond split as you approach your child’s college age. Hope that helps!
Thanks, it’s been a while since I’ve thought about 529’s and it might be a good way to go for our first child. Do you have any further thoughts on choosing a different state’s plan if you’re is already a no income tax state? Thanks
Nevada, Utah, NY I think are all a good combination of low cost and easy to use. Beside the fees, the actual fund choice should be something pretty broadly diversified and heavy equity , so something like a vanguard total stock market fund or another issuer’s equivalent. Some states also offer target date funds, which are basically just 100% total stock market to start and then taper to a closer to 50/50 stock/bond split as you approach your child’s college age. Hope that helps!