Ins and Outs of 529 Plans

ins and outs of 529 plans

Ins and Outs of 529 Plans

What is the Money Date? A weekly time to check in. 3 things we review and update: 
1. Spending 
2. Earning 
3. Savings

Review of all 529 plan options

  • Top plans
  • Your state vs other plans?
  • Fees vs Performance


Best Low Fees: Utah (My529) – Vanguard investments

Best portfolios of underlying funds: The pre-fab portfolios offered by 529 plans are only as good as their underlying mutual funds. That’s why we like the Maryland College Investment Plan.

Best plan for conservative investors: The Michigan Educational Savings Program, run by TIAA-CREF, is ideal for investors who shy away from putting their college savings into the stock market. The plan has a savings option that guarantees principal and a minimum annual interest rate based on a Treasury note index. Those options cost a very low flat fee of 0.45% annually.

Best mix of investment choices: For do-it-yourself investors who want to build their own portfolio, the College Savings Plan of Nebraska offers a selection of 20 funds from American Century, Fidelity, PIMCO, and Vanguard.

Quick note: Changes to 529s with the Tax Cut and Jobs Act of 2017. You can now use up to $10K of 529 money for K-12 tuition-related expenses per year.


Anna Sergunina
Anna Sergunina

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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