Who is good for 529 College Saving Account?

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Time2Enjoy

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Aug 31, 2018 9 Comments

Please suggest why fidelity/vanguard/ML Edge/WellsFargo is good/bad to open the 529 college savings account?

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TOP 9 Comments
  • As a follow up, I’ve heard some people in the past recommend using an account from a specific state. I think I remember hearing NY being a good one. Any reason for a WA resident to favor one over the other (no state income tax to consider which I believe is one determinant)?
    Aug 31, 2018 0
  • Amazon
    Time2Enjoy

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    OP
    Just to be clear I just wanted to open 539 college savings account which isn’t tied to any state.

    Are there any specific advantages of specific state tied 539 plans?
    Sep 1, 2018 0
  • Amazon / Eng Am A Bot
    Utah state plan has vanguard institutional shares and extremely low fees.
    Sep 1, 2018 0
  • Cisco blue-pill
    Utah
    Sep 1, 2018 0
  • Salesforce 2438ez
    All 529 plans are sponsored by states or by educational institutions I believe. I don’t think it matters much which you choose for tax reasons if you live in Washington. I’ve also heard Utah is a good one. You’d be looking for good investment options with low fees.
    Sep 1, 2018 0
  • Amazon
    Time2Enjoy

    Amazon

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    OP
    Washington
    Sep 1, 2018 0
  • Salesforce ynlE82
    You would want to look into 529 that offered by your state. In most cases you can deduct contributions from state income taxes. So if you live in night tax state like NY or CA it could be pretty good incentive. And in most cases you can spend that 529 on any accredited school not just school in that state.
    Sep 1, 2018 0
  • Facebook E⛔️
    V or F are solid.

    Choose a state that has high Max and good investments, and factor in potential state deductions if you use your own state’s when choosing.
    Aug 31, 2018 0
  • Uber rokie
    Cheapest will be Vanguard. Low expense mutual funds. Fidelity will be my choice #2. ML and WF will have high expenses
    Aug 31, 2018 0

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