Rating College 529 Savings Plans

By Moneysmartz on Mon, February 5, 2007, 2:30 PM | Link

Archived Under: College Financing , Moneysmartz Editor , The Moneysherpa Pages
Tags: 529 Education Savings Plans, College Financing, Moneysmartz Editor, The Moneysherpa Pages

The best way to combat the rising cost of college for your children is to begin saving as early as possible. A great way to jumpstart your savings and enjoy some valuable tax advantages is to enroll in an education 529 savings plan. With every state offering at least one 529 plan, it's important to understand plan differences and choose the one best suited to your situation. Savingforcollege.com will help you understand the nuances of 529 plans with their Five-Cap ratings on each state-sponsored plan. The rating system determines the usefulness of each plan based on more than investment attractiveness including plan flexibility and additional economic benefits. By combining the benefits of saving early and often and understanding which 529 plan is best for your situation, you'll have a fighting chance to help your children pay for college.