September 15, 2006 8:37 AM
Kiplinger's Pick of Best 529 Plans
It is Kiplinger's recommendation in 2003, so many things may have changed.
From Kiplinger's Personal Finance:
Our favorites are those plans we think you should consider if your home state's plan doesn't suit you. There's no perfect plan.
For conservative investors: TIAA-CREF plans are a good choice -- especially Michigan' and Minnesota's plans, which have very low expenses and have performed well.
For aggressive investors: Take a look at Iowa's and Utah's plans and Nevada's recently introduced Upromise plan, all of which use low-cost Vanguard index funds. (The latter has the broadest array of investment options.) Pennsylvania's plan stands out for strong across-the-board returns.
Buying through a broker: You're being served well if you're directed to Virginia's or West Virginia's plans, which have attractive investment choices. And while it's not marked a favorite, the District of Columbia's new plan is worth a look for those who like socially screened mutual funds.
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