Tips on how to evaluate a 529 college savings plan

• Avoid large fee plans by doing your own research and selecting your own 529 plan
• Look for a direct-sold (nonbroker) 529 plan.  Broker sold funds do not guarantee better earnings, you may in fact end up getting less after paying investment fees.
• Review the eligibility requirements and read the fine print!
• Make sure you are able to pay the minimum contribution.
• Evaluate the investment options and make sure the program offers options that meet your investment objectives.
• Compare management and account maintenance fees.
• Check for limitations. Read the fine print!
• If you are dissatisfied with your 529 plan, you can always swtich to another plan by changing the beneficiaries ont he account!  This can be done once every 12 months.
  

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