Best 529 plans on Reddit

38 reviews from r/personalfinance, r/newjersey, r/MiddleClassFinance and 3 more subreddits
38 reviews from
and
By Brand
/
By Product
#1

Vanguard

4.5
(12)
"Vanguard has more management features and simplifies account handling."
·
"Excellent choice for college savings."
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"Vanguard is generally well regarded and low fee, making it a great choice for college savings."
·
"Low fees and offers Vanguard funds."
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"Check out vanguard. Money can grow in very low expense ratio funds they provide."
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"Vanguard offers age-based plans with conservative, balanced, and aggressive options, along with low expense ratios."
·
"The Nebraska 529 plan has better specific funds compared to Nevada."
·
"I've done the NV plan from vanguard. No complaints."
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"Both plans offer good funds at low costs relative to other 529 plans."
·
"The Nevada plan offers slightly lower expense ratios and a more aggressive age-based option compared to Wisconsin's plan."
·
#2

Utah

5.0
(3)
"Utah (advised by Dimensional Fund Advisors) and Nevada (Vanguard) are highly regarded in terms of both administration and fees."
·
"I went with Utah’s plan - great fund selection and a reasonably usable interface."
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"Utah was generally considered the best, and, at that time, was funded via Vanguard."
#3

California ScholarShare

4.3
(3)
"I like the CA ScholarShare 529 plan as it allows you to go all in on total market index funds with the lowest costs that I’ve seen so far."
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"One small perk for going with a CA ScholarShare 529 plan is the state will deposit $100 for every child born after July 1, 2022."
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"One thing I like about the California plan is that it is managed by TIAA and gives you access to their capital preservation fund."
#4

New York 529

4.5
(2)
"New York has one of the best 529 plans available."
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"The 529 plan is a great option for saving for college, especially since we live in a state with no income tax."
#5

Roth IRA

4.0
(2)
"A Custodial Roth IRA is great for a minor's long-term investing."
·
"Roth IRAs are more flexible in general."
#6

529 Plan

3.5
(2)
"Earnings in a 529 grow tax-free and provide state tax deductions."
·
"529s are only for education and have penalties for non-educational use."
#7

Barclays

5.0
(1)
"The Upromise credit card gives 1% back that drops automatically to the 529 quarterly."
#8

Fidelity

5.0
(1)
"Great investment options and lower fees."
#9

Moderate Growth Index Fund

5.0
(1)
"I would go with the 529 option for moderate growth, especially if the kids don't go to school."
#10

Ohio 529

5.0
(1)
"Ohio offers excellent options for 529 plans."
#11

Massachusetts 529

5.0
(1)
"Massachusetts is known for its strong 529 plan."
#12

New Hampshire 529

5.0
(1)
"New Hampshire provides great benefits for 529 plans."
#13

Indiana 529

5.0
(1)
"Indiana has a competitive 529 plan."
#14

Oregon 529

5.0
(1)
"Oregon's 529 plan is among the best."
#15

Utah 529

5.0
(1)
"Their website is also really easy to manage your account from."
#16

Massachusetts

4.0
(1)
"The MA 529 plan has Fidelity index funds as an investing option...I would just stick with that plan."
#17

Illinois BrightStart

4.0
(1)
"The Illinois BrightStart program offers solid deductions and a good selection of funds, making it a worthwhile investment for education."
#18

Alaska 529

4.0
(1)
"Alaska's 529 plan allows you to pay in-state tuition regardless of your residency, which is a significant advantage."
#19

Massachusetts 529 College Savings Plan

4.0
(1)
"The tax-deduction for contributions is a great incentive for residents."
#20

New Jersey 529

2.0
(1)
"The performance and available options of NJ's 529 lack compared to other states."

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