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529 Plans?

crazyDCbridecrazyDCbride
in D.C. Area Babies

I was wondering who has a 529 plan for your kid, which one you chose, how you got it... all the details!

Does anyone have any suggestions or good resources they could share with me?

 TIA!

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Re: 529 Plans?

  • kirnat848kirnat848
    I believe ours is with College America, our financial planner gave us a bunch of advice and helped up pick the best one.
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  • SofkaSofka

    I'm in VA and am going with VEST, I just applied y'day (had to wait 7 weeks to get DD's SSN card). You pay a $25 application fee and can initially pick as many funds/accounts as you want. If you want to add new funds later, you have to do another application and pay another $25. I opened 5 accounts, I'll have to put in $250 into each one; one of the accounts will get less agressive as DD gets older, it's the Chesapeake Fund. For 2008, we'll get a $2000 VA tax deduction, in 2009, it goes to $4000. You can only have one account owner (myself) and DD is the beneficiary. Once they send me the welcome package, I'll put money into the funds. They'll also send me coupons for each account that I'll give to DD's grandparents since I know they want to contribute.

    LMK if you have other Qs

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  • candscands
    We have their 529 in the NH 529 college savings, my DH did a bunch of research on the different plans and picked that one, but I'll admit I don't know why.  We got it through Fidelity because we already had our IRAs, 401K, etc with fidelity.
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  • Deegirl322Deegirl322
    We have one that we got through our financial advisor at Citi. Our financial guy is awesome. He's in Old Town Alexandria now, but moving to Fairfax soon. Let me know if you want his contact info.
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  • northernvabridenorthernvabride member

    We did exactly what pp Sofka did.  The age based VEST that moves from stocks to bonds as they get closer to college.  We picked the VA plan so we could get the tax write off and it was a plan that has performed well in the past.  DH did all the research and then I looked it over and we did it all online through virginia529.com

     

    Good Luck.

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