Anonymous wrote:I thought you had to to the official virginia 529 to deduct it from taxes

You have to be in one of those VA 529 plans (not directly-sold) to get the state tax deduction. It can be any of the ones listed.

I thought you had to to the official virginia 529 to deduct it from taxes

In Virginia, BB&T and United Bank are the only 2 banks to offer a bank-sold program (CollegeWealth). You can also go through American Funds directly for the inVEST program. You can use a financial advisory firm for CollegeAmerica.

Each platform has different features so familiarize yourself or meet with someone to begin your program.

http://www.virginia529.com/features-and-benefits/index.php

Wow I tried to help op and got a couple not so nice replies. Sorry laying here sick in bed on an iphone. I do actually know quite a bit. Thanks...
Why don't you help op then?
I actually work in finance for a fortune 50 and dh and I have done quite well investing.

Anonymous wrote:I should add, we've had it for about 2 years. I. Don't look at it much just make sure it's making money, but the returns are always very good overall. Really glad we did it with virginia

You seem like you don't know much about investing.

OP here, for the ones who did it in Virginia, What instution did you go with? A poster said online, but when I go to Virginia 529, it says you have to go through a company, which ones did you guys go with?

Everyones returns the last 2 years have been amazing - it has nothing to do with which program.

FYI - returns in 2008 sucked.

AND - I have rebalanced b/c I believe the marked is due for a correction. I am not trying to "time the market" but I have too much at risk to get a correction like the one that occured in 2008.

Did you compare state to state and what fees there all? Also, is there a state income tax deduction?

I should add, we've had it for about 2 years. I. Don't look at it much just make sure it's making money, but the returns are always very good overall. Really glad we did it with virginia

We did online virginia and just in one quarter our returns are amazing. We did a mix of high and low risk but really the returns are incredible

Anyone from Virginia?

Same here - went to the MD college investment plan. Very easy. Staff were helpful.

We went with the Maryland College Investment Plan, which is run by T. Rowe Price.

In Maryland, we opened it through T. Rowe Price.

And could you share what institution you opened a 529 at and why?