Morningstar 529: Looking Beyond The Tax Break
While 529 Plans offer the benefit of tax breaks in some states, it is important to look at a number of factors when considering where to start a 529 Plan. Most direct purchase plans (plans sold by the state) have low fees, but shopping around and doing a little research is worth it. State plans also offer different exposure to risk or to the number of choices you might have in mutual funds. Morningstar offers a quick ranking of state plans, including a couple to avoid from Arizona and New Jersey.
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