Filed Under:Life Insurance, Life Planning Strategies

13 best & worst 529 college savings plans of 2014: Morningstar

Morningstar looked at 84 college investment plans to see which ones do it right — and wrong.

See the best and worst according to Morningstar.
See the best and worst according to Morningstar.

With college costs ever rising, parents are always looking for ways to make sure they have enough money put away so their kids can get an education. One way to do that is to invest in 529 plans, which allow for tax-deductible savings that grow in a tax-deferred manner.

529 plans were added to the IRS code more than 10 years ago, with assets in 84 plans nationwide now totaling $200 billion. In 2013, the plans grew 20% over the prior year.

 

THE BEST

Johns Hopkins University in Baltimore, Md.

1. Maryland College Investment Plan Direct

 

Graduate

 

 

 

 

 

 

 

 

 

 

 

Originally published on ThinkAdvisor. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

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