2003 529 Survey
(MONEY Magazine) – To pick a 529 college savings plan, first check your state's options. If you're in one of the 24 states (or Washington, D.C.) that let residents deduct 529 contributions, a local plan may be your best bet. If not, consider one of our four top 529s for national shoppers, all of which have below-average expenses. [Complete table not available--see print edition of May 2003 MONEY magazine. Table also provides plan status (recommended, caution, overhauled, not open); investment options (quantity by equity, fixed-income, age-based); age-based asset allocation's equity to fixed income ratio (at ages 3 and 10); purchasing options (direct and adviser/max. load); expense ratio; website; and telephone number for plans in all 50 states. Also includes key and footnotes] STATE TAX BREAKS STATE MAX. ANNUAL TAX- MANAGER DEDUCTION FREE PLAN NAME SINGLE/JOINT WITHDRAWALS ALABAMA Van Kampen Higher Education 529 Fund 0 TAX LAW PENDING[4] ALASKA T. Rowe Price University of Alaska College Savings Plan NO STATE INCOME TAX [Caution: High expenses may apply] T. Rowe Price Manulife College Savings [NO STATE INCOME TAX] T. Rowe Price T. Rowe Price College Savings Plan [NO STATE INCOME TAX] |
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