Join Early Retirement Today
Reply
 
Thread Tools Display Modes
529 plans
Old 07-17-2015, 08:54 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,111
529 plans

Several years ago we set aside $ in WA 529 plan for our grandchildren, the eldest of which is 7 yo. The plan is designed to purchase credit units that are redeemed at current value in WA universities when the child enters college. After years of rapidly increasing tuition WA has decided to reduce tuition. The plan administrators are evaluating what, if any, adjustments they should make.

Since enrolling in that plan we moved to OR which has a 529 of it's own which is investment based - quality (from what I can tell) middling.

1) Can one roll-over money from one 529 to another?
2) Who has the best 529 that we could move to should we choose to leave the WA program.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-17-2015, 09:00 AM   #2
Thinks s/he gets paid by the post
ronin's Avatar
 
Join Date: Oct 2003
Posts: 1,319
Nevada has an interesting Vanguard 529 plan.
__________________
We are, as I have said, one equation short. – Keynes
ronin is offline   Reply With Quote
Old 07-17-2015, 09:11 AM   #3
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 14,171
The reasons for picking an in -state plan is that *some* states give you a tax break on contributions. Others allow you to pre-pay the full ride at college in today's dollars. Those would be good reasons to choose an in state plan.

California (my state) offers none of this - so I have the Utah Vanguard plan for my kids. The funds offered by the CA plan were laden with fees and underperformed.

There should be no issue rolling a 529 over to a new 529 plan - just like an IRA or 401k to IRA, you need to make sure it's done correctly to keep the tax advantaged status.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
rodi is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Pay down the mortgage (fund 529 later) or Fund 529 now? Math problem. bo_knows FIRE and Money 1 05-16-2012 03:24 PM
529 plans vs. taxable savings (NYS) PSUgrad2 Young Dreamers 10 02-24-2011 10:29 AM
TaxAct (state) and 529 plans bdk FIRE and Money 3 02-02-2009 07:19 PM
Do you recommend 529 Plans? MikeK Young Dreamers 13 01-22-2007 09:16 AM
Foreign College and 529 Plans mark500 Life after FIRE 6 08-10-2006 01:21 PM

» Quick Links

 
All times are GMT -6. The time now is 11:29 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.