Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can someone explain the fees to me? So far I've only seen $15 per year. Are there other hidden fees?

There are no hidden fees. Calvert (who manages most of DC's options) has some of the most expensive fees of any plan manager in the country but they are upfront with them

http://www.nbcwashington.com/investigations/Avoiding-High-529-Fees-Navigating-College-Savings-Plan-Pitfalls-397010181.html

+1.

When I looked at those fees I couldn't believe it. It's a legitimate scam...probably someone in city hall is making money out of it.

+2 I once called the Treasury office to ask why they chose an advisor that charged such high fees and they said something like no one else bid (or it was the best bid) when the original RFP was issued. I find that hard to believe, I wouldn't be surprised if someone's pockets were lined to go with such a high fee plan.

+3. Same as they do with those construction contracts...

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can someone explain the fees to me? So far I've only seen $15 per year. Are there other hidden fees?

There are no hidden fees. Calvert (who manages most of DC's options) has some of the most expensive fees of any plan manager in the country but they are upfront with them

http://www.nbcwashington.com/investigations/Avoiding-High-529-Fees-Navigating-College-Savings-Plan-Pitfalls-397010181.html

+1.

When I looked at those fees I couldn't believe it. It's a legitimate scam...probably someone in city hall is making money out of it.

+2 I once called the Treasury office to ask why they chose an advisor that charged such high fees and they said something like no one else bid (or it was the best bid) when the original RFP was issued. I find that hard to believe, I wouldn't be surprised if someone's pockets were lined to go with such a high fee plan.

Anonymous wrote:

Anonymous wrote:Can someone explain the fees to me? So far I've only seen $15 per year. Are there other hidden fees?

There are no hidden fees. Calvert (who manages most of DC's options) has some of the most expensive fees of any plan manager in the country but they are upfront with them

http://www.nbcwashington.com/investigations/Avoiding-High-529-Fees-Navigating-College-Savings-Plan-Pitfalls-397010181.html

+1.

When I looked at those fees I couldn't believe it. It's a legitimate scam...probably someone in city hall is making money out of it.

Anonymous wrote:Be aware that DC has a no-risk stable value fund earning a net of 2.85%. (3.0% minus .15% investment fee). Many age-based funds transition to no-risk money-market type funds or low-risk bond/MM funds that earn less than 1% when the student is a teenager. For example Vanguard 529 Income portfolio is 75% bonds/25% short term reserves, and has a .19% expense ratio. Its 1 year avg annual return was .13%, 3 year 0.54%, 5 year 2.31%. If you are looking for safe returns as college approaches, consider DC. Each account has a $15 annual fee for DC residents, $30 for non-residents.

What fund are you describing? -- possibly this one? I am very interested in moving my $ to a stable value fund before the market crashes within the first 100 days of the Trump administration. I haven't had my account for a full two years so have to keep it in DC for now.

The Ameritas Principal Plus Account*, which is not a mutual fund, provides important guarantees of principal and interest. All contributions invested under this option are guaranteed to the Trust against principal loss as long as they remain invested in the Account. The guarantees are supported by the general account of Ameritas Life Insurance Corp. It is not anticipated that investors in the option will experience a loss of principal while invested in this Account, but the return from income is expected to fluctuate with longer-term fixed income securities.

So many questions you have.

Anonymous wrote:Can someone explain the fees to me? So far I've only seen $15 per year. Are there other hidden fees?

There are no hidden fees. Calvert (who manages most of DC's options) has some of the most expensive fees of any plan manager in the country but they are upfront with them

http://www.nbcwashington.com/investigations/Avoiding-High-529-Fees-Navigating-College-Savings-Plan-Pitfalls-397010181.html

Can someone explain the fees to me? So far I've only seen $15 per year. Are there other hidden fees?

I put the money straight into one of the Utah plans because the deduction would be spent at Matchbox, not reinvested. Saves me about 2-3 pounds annually.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But get it out. We are high earners and even for us the DC tax credit wasn't worth the long-term cost in much higher fees than a Vanguard 529.

+1.

We just bypassed DC, everything goes straight to Utah plan.

Is the deduction phased out? Otherwise why would your high income be relevant?

Because we chose to make an upfront investment for each kid of around $75k, and to just see the money grow, so the annual state deduction is pretty irrelevant.

Anonymous wrote:

Anonymous wrote:But get it out. We are high earners and even for us the DC tax credit wasn't worth the long-term cost in much higher fees than a Vanguard 529.

+1.

We just bypassed DC, everything goes straight to Utah plan.

Is the deduction phased out? Otherwise why would your high income be relevant?

Anonymous wrote:But get it out. We are high earners and even for us the DC tax credit wasn't worth the long-term cost in much higher fees than a Vanguard 529.

+1.

We just bypassed DC, everything goes straight to Utah plan.

Once you have had the account open two years, you can roll over payments in later years as soon as you make them. I was told this by the plan administrators over the phone.