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April 2012 Moms
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529 Plans

TeamHayesTeamHayes member
in April 2012 Moms
What state did you chose and why?

We live in MA so i am considering that plan so people who contribute to it can potentially get a tax break. It is also managed by fidelity so that makes me feel good.


Anyone else?
Kellen 4.27.12 Miller 6.30.13 Baby #3 edd 9.7.15
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Re: 529 Plans

  • nicolelarochenicolelaroche
    I don't even know what this is, but I have a feeling Suzie Orman would be disappointed in me.
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  • TrudyCampbellTrudyCampbell member

    imagenicolelaroche:
    I don't even know what this is, but I have a feeling Suzie Orman would be disappointed in me.

    Yes ditto! 

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  • JURAHJURAH member
    We chose Ny because we get state tax breaks. So far it's been easy to use.
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  • BelleWithABladeBelleWithABlade member
    Mine is in california, we spoke to a financial advisor and it is a highly rated plan.
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  • mrs+harlowmrs+harlow member

    When we went through this, I found it very confusing since each state has it's own plan. It made my brain want to explode.

    Some state plans have residency requirements and some do not. Some allow for transfer of funds by court order in event of death only and some allow in the event of death or incapacity. Some plans have incentives like tax breaks on state income taxes. My best piece of advice is to go to savingforcollege.com . On the site, you can compare plans and see the difference to pick one that works best for your family.

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  • huahualovehuahualove member
    The firm I worked for are based out of Kansas, it doesn't matter what state you live in though and our company was not based in Kansas. I wasn't in that department so I'm not sure why we picked Kansas.
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