On Oct 22, 4:03 pm, kastnna <kast...[at]auburnalum.org> wrote:
- quote -

Thanks for the link, I looked at it, I have Texas tomorrow college
fund for both of my kids (4 and 10), since there is no state income
tax in Texas, I am not sure if this is a best place for our 529, any
suggession for Texas residents.

Abid

Brandon,

Here is a morningstar article from earlier this year that gives their
best and worst list. Its worth reading over. Note: some of the plans
are broker-sold and some are not. They indicate which are which.

http://news.morningstar.com/articlen...&pgid=wwhome1a

On Oct 21, 4:03 pm, Brandon Riffel <brandonrif...[at]gmail.com> wrote:
- quote -

The top 4 plans are from Kansas, Ohio, Utah and Illinois. All of them
offer Vanguard options for roughly 0.25%-0.30% total expenses. If you
are in one of those states, it's probably best to stick with the state
plan since there may be additional tax deductions/credits. If you
don't live in those states, Ohio offers slightly more slice-and-dice +
no annual fee for non-OH participants while Kansas' plan has Emerging
Markets as 15% of their International allocation. Otherwise, a wash.

Brandon Riffel wrote:
- quote -

I hope you've looked at the web site;
https://www.learningquestsavings.com...uest/index.jsp
and more important the link to show the fees. The program management fee
is .2%, so over 20yrs, you'd have spent less than 3% in this fee to
avoid any cap gains out the back end. Looks good to me.
They offer an S&P fund at a whopping .05%, this is the Vanguard
Institutional Index Fund and is about half the expense ratio you'd find
in a regular index fund or ETF. A resident of Kansas, you won't pay the
annual $20 maintenance fee. The tax incentive (a state deduction) is
just gravy, it will completely offset the program management fee for the
full time the money is invested.

I'd stick with this plan for the combination of low expenses, and state
deduction.
JOE

We just had our first baby and want to start putting away some money
for his college education. I've heard good things about the Kansas
(which is the state we live and work in) Learning Quest 529 Plan. Is
this the best option for us? I'm not a finance wizard (which is
obvious because I'm asking for help), but I have some basic knowledge
of money and banking. Is the state sponsored 529 the best because it
offers some tax incentives both for us and for our friends and family
that might contribute to the account?

Should we instead open up an account with an investment advisor and
let them put our money into mutual funds or something else?