... contributions to a 529 account.I have actively invested my 2 kids gifts to minors accounts (UTMA) for the past 10 years or so. Here are the numbers:Account 1 Yr Return 3 Yr ReturnBecky 20.18% 15.01% Dan 17.54% 15.45%My daughter is about to hit college age. She is currently a Junior in High School. My financial planner suggested that I fund a 529 account for each child to grow those savings tax-free.However, when I downloaded the 529 Starter Kit from Fidelity, the Massachusetts U.Fund has limited investment choices, marginal returns, and high fees.I am thinking that I may just fund a regular brokerage account (in my wife's and my name) that I can actively manage and pay the long-term capital gains taxes on those investments instead of the crappy 529.Has anyone else done this research and come to the same conclusion? I'd appreciate any feedback on this.Cheers!'38Packard
Account 1 Yr Return 3 Yr ReturnBecky 20.18% 15.01% Dan 17.54% 15.45%
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra