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Reply to "DC 529 plan vs out of state options"
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[quote=Anonymous]I'm setting up a 529 plan for my 2.5 year old daughter. We are DC residents. Married residents can get a state tax deduction for up to $8,000 of contributions. I'm trying to decide whether this is worth it. The fees seem higher than other states; most states don't have any account maintenance fees (DC is $15 annually for residents), and the Calvert Funds in the DC portfolio seem to have higher management fees. I am thinking of instead going with New York, which has a .17% fee that is all inclusive, and has Vanguard options, but I would give up the tax deduction. Wondering whether anyone who has BTDT has views on the DC plan and whether it's worth the tax deduction. (I'm pretty sure we pay the highest marginal tax rate in DC, so the deduction could theoretically be substantial, but I just don't think it's worth having funds that don't do as well and cost more.) TIA![/quote]
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