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Reply to "Vanguard 529 Plan?"
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[quote=Anonymous][quote=Anonymous]Im surprised more people dont go with the private 529 prepaid plan that includes 300 sum universities. An average state plan would have what...15 to choose from?[/quote] We have the MD T Rowe Price plan and it's basically a tax free (on the earnings) savings plan that can be used for any qualified educational expenses. In fact that's between you and the IRS - T Rowe Price just issues us the check in the amount we ask and we get a 1099-Q from them, and a form from the college covering the qualified expenses, both of which are also provided to the IRS.[/quote]
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