Reply to DC 529 plan vs out of state options

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[quote=Anonymous]Don't use the calvert age designated plans.  Use state street which is a solid s&p index fund with yearly expense of .5%.  Invest up to $8000 per year (total - spread among different if you wish) per married couple.  You need to open 1 account per married person.

We have 3 kids.  I automatically invest $200 per month per kid for 2 kids in state street.  My husband invests $350 per month for our third kid for a total of $9000 per year that we deduct $8000 off our taxes and get a return of something like $800 per year alone.  (I wanted to make sure we invested enough per person to get full deduction.)

Then i auto invest $1000 for month in 529 account at Utah plan which has lower fees for my oldest child.  It will transferred to younger kids as necessary.

To determine how much to save I used this tool which is great for multiple kids going to a variety of schools.  Uses real data. Much better than the "simple" ones other sites tout.

https://financialprofessional.hartfordinvestor.com/planco/content/college/calc/calc529.html[/quote]

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