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Reply to "Which 529 plan do you have your kids in? How much do you contribute per year?"
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[quote=Anonymous][quote=Anonymous]My advisor suggests contributing in local state for tax deduction than after the funds have been there a year, you can transfer to a better state plan. DC was bad (where we live) with high fees, but they changed financial managers and I have not looked into the new DC manager / plan. The states were we have some funds are IL and NY which both run good plans (IL was better and then NY slightly better so that's why we have both at moment).[/quote] New DC plan is much better. Management fees around 0.35%, so still twice as much as Vanguard, but not 6 times as much.[/quote]
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