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May 29, 2009

Best 529 college savings plans

If you're a parent of school-aged kids looking for an anxiety trigger, here it is: Today is "529 College Savings Day." Just the phrase, "college savings" is enough to cause palpitations in many folks.

Seriously, though, "529 College Savings Day" is intended to remind parents, grandparents and others of the benefits of tax-advantaged Section 529 college savings and prepaid tuition plans, according to the sponsor, College Savings Plans Network, a not-for-profit association representing states that administer such plans.

Recently, Consumer Reports Money Adviser's Money Lab analyzed state 529 plans and found five that earned A's. Click here for the report.

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