Business & Investing
Sponsored by

Best type of college savings account to start

1,255 Views | 4 Replies | Last: 3 yr ago by SMM48
Gyles Marrett
How long do you want to ignore this user?
for brand new little ones?

Fairly well versed in all things investing but this is new to me...obviously
Esteban du Plantier
How long do you want to ignore this user?
AG
Is your Roth maxed? You can take contributions later with no penalty whilst still letting the growth keep growing. Can't catch up on ira contributions like you can college saving.

That and the Utah 529, that's what most guys around here have, I believe.
.
GE
How long do you want to ignore this user?
AG
We are in the Vanguard college savings 529 plan. I think its Nevada
Baby Billy
How long do you want to ignore this user?
AG
Doesn't really matter. The amount that you contribute is more important than the plan. Pick one and put it in the target date fund based on the year they're gonna start school.
themissinglink
How long do you want to ignore this user?
AG
Utah and Nevada have been good for awhile but a number of states have stepped up their game in recent years and now offer low cost index funds. CA, NY, MA, MI, IL are all pretty good now. Some will offer higher fee managed funds as an option but also include low cost index funds.
SMM48
How long do you want to ignore this user?
AG
An alternative put it in Qqq in your own name


529s do not have any investments that can keep pace with Qqq.

The closest has lagged by 5% a year for the last 10 years.

Just another way tj look at it.


Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.