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Reply to "Finance planning for college education"
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[quote=Anonymous]What state do you live in OP? How many kids? And how far away from college for each of them? Open 529 for each kid (maybe more if you live in VA). If your state had no state tax deduction for contributions to a 529, then pick any state with very low fee options -- Michigan, California, Illinois, Utah, Nevada, or New York are some options. Contribute as much as you can early if you are starting when kid has 10 years til college. Pick S&P or total stock market index fund. Keep it in all stocks until kid is entering sophomore year. Out in bonus $ and/or monthly set amount from pay, as you can afford. This will be more financially advantageous to you than any other savings vehicle. [/quote]
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