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Money and Finances
Reply to "529 question - Maryland. Advice needed!"
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[quote=Anonymous]I might be in the minority but I am wary of the prepaid college plan. I have a problem with the "guarantee" aspect. If the plan doesn't earn the expected rate of return, the state legislature is supposed to come in and fund the difference with additional taxes which I can't see as a palatable alternative. I'm concerned about the extra bureaucracy involved in managing this type of plan eating away earnings too. All of our college savings ~$200K are in the Maryland College Investment Plan. I like the fact that the amount of money that I receive for college is not tied to the school my kids attend. Maybe my kids will want to attend Maryland schools...maybe not.[/quote]
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