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Reply to "So confused about 529s"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes. 529 plans are just savings vehicles for college expenses. They are not prepaid plans that have to be used for a particular state's school. [/quote] Right I understand that. I just meant in terms of fees and investment options. Is the primary benefit of the va plan the fact that the tax deduction offsets fees if you are a resident, or is it competitive enough with other plans enough that when we move away, it would still be considered a good plan with low fees and good potential returns.[/quote] Va is supposed to be a good plan if you live in the state because of the deduction. It is not a good plan for an out of state family. [/quote]
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