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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]you can always put the money into the dc plan to get the tax benefit and then transfer the balance to another one like Utah.[/quote]
They will most likely recapture the state tax deduction when the plan reports the transfer to the IRS. VA recaptures deductions if transferred to another plan. [/quote]

Oh really ? I talked to Maryland 529 rep at a fair yesterday and she told me we could do that (do the MD 529 for one year for the tax deduction and then roll into California or NY plan if we wanted to). Is it illegal ?[/quote]

It's not illegal, but some states recapture the tax benefits if you transfer funds out of the state plan, because participating in the state's plan is a requirement of receiving the tax benefit. In some states, you just need to contribute there and can then move the money. In others, the money must remain in the state plan. Check your state requirements--it's usually spelled out pretty clearly.[/quote]

There’s a waiting period in DC’s plan.[/quote]

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