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Reply to "Maryland 529 vs out-of-state 529"
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[quote=Anonymous]We recently moved here from NYC. We'd been contributing to our kids' NYC 529s, which was a well-run plan and also the contributions were deductible from our state taxes. Now that we no longer get that deduction, I'm wondering if we should transfer the balance to a Maryland plan (we live in MD), or whether we should keep the NYC 529 and start a new one in MD? Or maybe even open a 529 in a completely different state that has better terms? Does anyone have insights into the pros and cons of these options? Thanks very much![/quote]
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