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: Caveat Emptor

Finding a Low-Fee 529 College Savings Plan

By Sam Glover

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college-savings-plansOne of the first things you should do when you have a child—or even before—is to set up a 529 college savings account. Earnings from money in a 529 plan are not taxed as long as they go towards qualified education expenses. But the maintenance fees can add up over time. You can expect to pay .25-1.04% over ten years for Fidelity plans, for example.

The following tools can help you pick the lowest-cost plan for your child:

How to Find the Right 529 Plan With the Lowest Fees | New York Times

(photo: michaelk.sutton)

Full post as published by Caveat Emptor on December 08, 2009 (boomark / email).

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