My response was of a general nature, for information to the
many vistors to this site. It was not a criticism of your
question or responses. The particular rules of each state
plan (deductible, or not) would seem to me to very important
in the choice of which to use and may be just as important
to the plan participant as ROI.

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- quote -

Please reread the original post, especially the question
that was asked.

Alan
http://taxtopics.net

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Another reason is that some states, like Colorado, allow a
deduction against state taxes for current contributions to
a 529 plan.

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zink[at]charlesindustries.com (Lance) wrote:

- quote -

Here are some reasons:

1. Investment performance varies by plan.
2. Type and quality of investments are different.
3. Maximum and minimum contributions differ by plan.
4. Fee structures are different.

Alan
http://taxtopics.net

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zink[at]charlesindustries.com (Lance) wrote:

- quote -

Section 529 Plans are an investment; you would choose one
using the same criteria as you would with other
investments.... costs (state income taxes, commissions, fund
expenses), investment funds available, user-friendly
administration, etc.

-HW "Skip" Weldon
Columbia, SC

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"Lance" <lzink[at]charlesindustries.com> wrote:

- quote -

Ask your investment advisor. It's probably an investment
reason.

--
David M. Woods, EA
Boston, MA 02109

Postings here are general information only and not to be
relied upon as advice.

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I am getting ready to set up a 529 college savings plan.
I live in Illinois and I have read that my state does
not offer a good plan and other people are picking from
other states. I know I get state tax benefits if I
choose the Illinois plan and none if I select out of
state. Does anyone know why people are choosing other
state plans and losing out on the state tax benefits?

Thanks

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