When it comes to choosing a 529 plan to invest in, financial experts say it’s not always advantageous to go with your state plan even with the tax write-off.
Parents should evaluate the performance of the plan, its fees and the type of investment choices it offers. Many 529 plans are age-based, meaning they invest aggressively when the child is younger and get more conservative the closer the child nears enrollment.
Our Ameritas Investment Corp. representatives and financial advisors are prepared to assist you in researching the features and benefits of the various funds available. Most plans offer several investment options from which to choose, ranging from conservative to aggressive, which is more prone to risk. You should also consult your tax advisor or attorney to help ensure you select a plan appropriate to your individual situation.
Wellness Opportunities
While getting college finances in order, remember to protect your collegiate’s health by providing regular dental, vision and hearing checkups. Many states allow parents to cover dependents up to age 26 (according to state law). Good health and wellness are important building blocks for a successful future.
529 Plans are subject to investment risk, including possible loss of principal. Before investing, carefully consider the investment objectives, risks, limitations, charges and expenses of the product. This information can be found in the product’s official statement. A copy can be obtained from your registered representative or from the product vendor. Please read carefully before investing.