Comments on: 529 College Savings Plans For the Win

By: When and How to Use a 529 College Savings Plan

When and How to Use a 529 College Savings Plan — Fri, 14 Sep 2007 20:24:10 +0000

[...] more on 529 plans, see this great article, which was an entry in the 111th Carnival of Personal Finance. In it, the author considers [...]

By: 111th Carnival of Personal Finance is Up at FinancialDominance.com

111th Carnival of Personal Finance is Up at FinancialDominance.com — Mon, 30 Jul 2007 14:31:26 +0000

[...] Money explains the many benefits of 529 plans (besides the financial [...]

By: plonkee money » 111th carnival of personal finance - glastonbury edition

plonkee money » 111th carnival of personal finance - glastonbury edition — Mon, 30 Jul 2007 10:02:52 +0000

[...] 529 college saving plans for the win @ accumulating money, everyone likes a win-win situation [...]

By: Accumulating Money

Accumulating Money — Wed, 25 Jul 2007 22:08:33 +0000

Jeff,
You can absolutely open an account for your nephew in another state. The money in a 529 plan can be used at any accredited college or university in the country, public or private, graduate or undergraduate, so it doesn't matter what state you open the account in. However, there are often tax advantages to opening a 529 in your home state. You'll want to compare your options, because some plans are definitely better than others.

By: Jeff

Jeff — Wed, 25 Jul 2007 20:11:06 +0000

Good post. I’ve been thinking of doing this as well. Do you know if I can do this for a nephew that lives in another state? And if so, do I start it in my state or his?

Thanks

By: Around the PF Blogosphere: July 24, 2007 | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Wed, 25 Jul 2007 01:49:25 +0000

[...] Money considers opening a 529 college savings plan as birthday gift instead of giving toys for youngsters. It’s an idea I have been considering for my nephews as [...]