Post by purplepenguin7 on Sept 12, 2020 17:42:45 GMT -5
I’m getting ready to open a 529 plan for my daughter and when searching for the best state plans NY seemed to be on many of the top lists. We are potentially moving there in the next two or so years and I saw that in state residents get tax deduction benefits. It seems like a no-brained to chose NY but I was wondering if I missing out on better plans by just going with NY. Can anyone share how you chose a plan and if there is anything else I should consider? Thanks!
Post by sandandsea on Sept 12, 2020 19:14:09 GMT -5
With many states you get a state tax benefit to use your own state’s plan. We chose our home state (CA) as it seemed easiest even though we don’t have a state tax benefit.