I'm glad the Motley Fool has finally begun discussing the benefits of 529 tuition plans. I heard an excellent discussion of the plans on a radio show a couple of months ago. 529 plans are so much better than custodial accounts, which is the way I have been saving for my son's college education since his birth seven years ago. I'm going to put new money into a 529 plan as soon as I determine which state offers the best options. The financial adviser on the radio show I mentioned earlier recommended the Rhode Island plan. That plan is administered by Alliance Capital, which I happen to be a stockholder of and am therefore familiar with. AC has an excellent reputation and runs a family of mutual funds. Apparently the advantage of the Rhode Island plan, aside from being run by AC, is that it offers flexibility in the type of investments you can choose.Is anyone else familiar with the R.I. plan, or does anyone have other recommendations?
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