Case Study:
“I have an MBA and work for a large financial service company, but it was just too much work to try to become an expert and to analyze all the options. CloudFi helped me to start investing towards my daughter’s college education quickly and easily.” – Michael Lee, New York City
Overview:
Experts agree that 529 Plans are the best way to save for college. But which plan? 50 states, over 5,000 investment options, it’s overwhelming. We’ve analyzed all 50 state sponsored 529 Plans and over 5,000 underlying fund options to find the right one for you.
Because of potential state tax deductions and availability of low-cost investment options, New York residents should definitely consider New York’s 529 College Savings Program.
We recommend that busy parents invest in the Age-Based Options. It is managed by Vanguard and is very low maintenance. The only decision you will need to make is whether your investment style is conservative, moderate, or aggressive, and how much you’ll need to (or can afford to) contribute on a systematic basis. The following table outlines the Age-Based Options. Our analysis of your 5 Year Cost to invest in these funds, net of tax-deductions is $-294, which means they are paying you to invest in your state plan. Not bad.
Get Started:
OPTION 1: Want to do it yourself? We invite you to try our 529 Plan Fund Finder. You can find the best investment options given your personal circumstances.
OPTION 2: Want some help from the experts? Get your personalized College Savings Plan from CloudFi and get it all done in less than 30 minutes.
