Malosi and I are hanging out in the kitchen letting mom get some much needed rest, so we decided to finish our research on college savings plan. After about 4 hours of weeding through many websites and Malosi loosing her pasi 8 times, she’s snoring now, I've finally landed on her college savings plan, USAA 529 College Savings Plan.
This was my first choice just because I’m a raving fan of USAA and their unparalleled customer service. But, since I know little to nothing about 529's I decided to see what the market says about it. It turns out to be pretty good.
-
Here's a 529 Morningstar report dated 11/1/10 that's very extensive. If you're short on time go to page 46.
Article: http://news.morningstar.com/articlenet/article.aspx?id=356474
Report: http://news.morningstar.com/pdfs/Morningstar.529.Industry.Survey.11.1.10.pdf
-
Savingforcollege.com ranked the USAA plan a little higher
http://www.savingforcollege.com/articles/2010-plan-performance-rankings-q4
-
This site didn’t rate USAA, but was helpful nonetheless
http://portfolioist.com/2010/10/28/making-sense-of-529-college-savings-plan/#fulllist
-
College Savings Plan Network has a handy comparison tool:
-
The SEC’s explanation of 529plans:
She is obviously ecstatic about all this.