https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Sat, 23 May 2026 19:23:04 +0000 https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753552 Tue, 30 Apr 2013 19:57:01 +0000 MsLipGloss 753552@https://boards.hellobee.com/ <p>Yep! </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753413 Tue, 30 Apr 2013 18:07:54 +0000 sunny 753413@https://boards.hellobee.com/ <p>We have one and its the Nevada plan. I think its similar to the Utah one. Both use Vanguard funds. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753401 Tue, 30 Apr 2013 18:00:44 +0000 Mrs. High Heels 753401@https://boards.hellobee.com/ <p>@dagret: I wrote a post about it awhile back - <a href="http://www.hellobee.com/2012/08/08/college-funding-with-529-plans/" rel="nofollow">http://www.hellobee.com/2012/08/08/college-funding-with-529-plans/</a> </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753398 Tue, 30 Apr 2013 17:58:47 +0000 MamaMoose 753398@https://boards.hellobee.com/ <p>@dagret: I work in financial planning so we did it through my company. If you don't have other investment accounts and all you're looking to do is to set up a 529 I would say just do it on your own. It's very simple. And advisor could help you choose funds but I just use the target date funds where the 529 company actively manages the fund allocation in respect to how close the child is to college age. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753379 Tue, 30 Apr 2013 17:44:01 +0000 Mrs. High Heels 753379@https://boards.hellobee.com/ <p>@dagret: you can set it up yourself. Only a few require a financial planner, like Virginia's plan. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753373 Tue, 30 Apr 2013 17:42:45 +0000 Mrs. High Heels 753373@https://boards.hellobee.com/ <p>We have two setup for each of our children. We also chose Utah because our state plan doesn't offer us any special tax break either. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753351 Tue, 30 Apr 2013 17:26:54 +0000 Mrs. Jacks 753351@https://boards.hellobee.com/ <p>The Utah plans are the best in the country, so we're using those. It's better to get the tax benefit of the 529 than to invest on your own for school purposes. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753330 Tue, 30 Apr 2013 17:18:08 +0000 rattles 753330@https://boards.hellobee.com/ <p>For now, we have a UTMA account but no 529. We have other assets we're planning to use for college right now, so this gives us more flexibility. We're making our decisions and plans in consultation with a financial planner. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753163 Tue, 30 Apr 2013 15:54:03 +0000 dagret 753163@https://boards.hellobee.com/ <p>Did you do it yourselves or consult with a financial planner? </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753041 Tue, 30 Apr 2013 15:17:12 +0000 MamaMoose 753041@https://boards.hellobee.com/ <p>@dagret: 529 funds basically are mutual funds, but with different tax treatment. 529 funds grow tax free where as if you invest in mutual funds in a retail investment account you pay capital gains tax. The risk of a 529 is that if your child doesn't go to college, you have to pay a 10% penalty if you use the money for anything other than higher education expenses. However, you could transfer the money to another beneficiary (ie another child) who would use the money for college.</p> <p>ETA: To answer your question, yes, we have a 529 for our LO. But we also have a retail investment account for. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-753026 Tue, 30 Apr 2013 15:12:27 +0000 sumer08 753026@https://boards.hellobee.com/ <p>Yep, we set one up as soon as LO was born and we contribute to it every month. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-752801 Tue, 30 Apr 2013 13:54:44 +0000 winniebee 752801@https://boards.hellobee.com/ <p>Yeah, we did the Utah plan - we live in Mass. but it was the best plan out there for our needs at the time. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-752800 Tue, 30 Apr 2013 13:54:12 +0000 littlek 752800@https://boards.hellobee.com/ <p>Yep, we have two. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-752799 Tue, 30 Apr 2013 13:53:27 +0000 mediagirl 752799@https://boards.hellobee.com/ <p>Yes. It's better than the money sitting in a bank account not doing anything, in our opinion. </p> https://boards.hellobee.com/topic/have-you-invested-in-a-529#post-752784 Tue, 30 Apr 2013 13:47:46 +0000 dagret 752784@https://boards.hellobee.com/ <p>Why or why not?</p> <p>I'm my sure yet if the tax benefits are better for a 529 or a mutual fund...our state doesn't have too many benefits for 529 investing. </p>