Recommended
529 Plans
Vanguard
Vanguard 529 offered by Nevada is our first pick when clients (who are typically in Texas) ask us to recommend a 529 plan. It is a low-cost, direct-sold investment with many low-cost vanguard funds to select from. It is easy to open an account online, there are no commissions and is perfect for DIY investors. Parents that open an account can also use Ugift – a gifting platform that allows gift-givers to also help save for their child’s education without the need for the gift-giver to open up their own 529 account.
- Minimum initial contribution: $1,000; $3,000 for out-of-state residents
- $50 minimum subsequent contribution
- Total asset-based fees are between 0.12% to 0.43%
- No enrollment or application fee
- No account maintenance fee
- $500,000 account limit
- Age based and customized static investment options
* Many states offer either a state tax deduction or a state tax credit on contributions up to a certain amount. If your state’s 529 offers a tax deduction or credit, you should most likely use that 529 first.
Second
Recommended
my529
The my529 offered by Utah is another great choice for clients (who typically are in Texas) can use to save for their children’s education. It is a direct-sold investment with many low cost funds. It offers a higher than normal account limit at $560,000 and has no minimum contribution or no minimum subsequent contributions. Friends and family can also easily contribute to the account through their my529 Gift Program.
- No minimum contribution
- No minimum subsequent contribution
- Total fees asset-based fee range between 0.10% to 0.45%
- No enrollment or application fee
- No account maintenance fee
- $560,000 account limit
- Age based and customized static investment options
* Many states offer either a state tax deduction or a state tax credit on contributions up to a certain amount. If your state’s 529 offers a tax deduction or credit, you should most likely use that 529 first.
Still unsure which to use
Schedule a Meeting
Will I get charged if I schedule a meeting?
— No, there is no fee. Just schedule a meeting and we will help you.
Do you get any kickbacks or benefits from you recommendations of a 529 plan?
— No, we receive no monetary benefit on any 529 plan we recommend.
How can I learn more about 529 plans?
— Please refer to our 529 plan resource page to learn more about 529 plans.