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... 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 Return
Becky 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.

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