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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Can someone explain to me the point of a 529? I know that you can write it off in state taxes, but beyond that what are the benefits? It seems to me that investing that money in a standard stock account is much more preferable as you can control your portfolio and get much higher gains. I’m a MD resident. Can someone explain why I should choose a 529 over a stick account?[/quote]

You can invest in a pretty wide range of options in the T Rowe Plan.

Just invest it aggressively. No one is stoping you.

It grows tax deferred for 18+ years which is significant if you are a high income earner with a large balance. [/quote]

Pick a more aggressive investment choices within your plan, or switch plans to one with more choices.  Key benefits is that it grows tax free---you do not pay any cap gains while it grows or when withdrawing for "educational purposes".  You can also withdraw tax free if your kid gets merit awards and you don't need it, you can only withdraw the amount matching the merit awards. [/quote]

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