Planned Manswers: Should I have a 529 plan for my kids?
By The Editors

Hey Google, We don't want 165 million results in .53 seconds; we just want you to tell us what we need to know about having a 529 plans for your kids.

Planned Manswers: Should I have a 529 plan for my kids?

Hey PM, I’ve got a problem.

When I ask Google for this:

What I get is this:

But I don’t want 165 million results in .53 seconds; I just want you to tell me what I need to know.


1. Quite simply, you’re probably a dumbass if you don’t do it. And you’re probably a double dumbass if you don’t do it early. Click here to find out more.

2. But yes, it is going to take a little work to figure out which is the best 529 for you and your family. Click here to find out more.

3. The rules for 529 plans (and tax benefits) vary by state, but you you can use a 529 plan from any state if it’s a better fit for you. Click here to find out more.

4. Let’s not forget that money in a 529 plan can be used for qualified expenses other than tuition; for instance, computers, software, books and even dorm rooms and some off-campus housing. Click here to find out more.

5. Many states give incentives (aka free money) on May 29 (get it?) every year to get more people to open 529 plans for their kids.

6. 529 plans can now be used for educational costs associated with appreticeships.

7. One easy-to-overlook benefit of a 529 plan: It’s a great way to start teaching your kids about money at a young age.

And these are the best places to go to shop for a 529 plan, according to Forbes and Morningstar and; keeping in mind that you can get a 529 plan from any state although there may be tax advantages to getting the plan from your own state:

All three publishers recommend: Two publishers recommend: One recommendation:

Bright Start Direct-Sold College Savings Program (Illinois)
New York’s 529 College Savings Program – Direct Plan


Ohio’s 529 Plan, CollegeAdvantage – Direct Plan

Sen Edward J. Kasemeyer Plan (Maryland)


CollegeAdvantage 529 Savings Plan (Ohio)
Michigan Education Savings Program
Minnesota College Savings Plan
MOST Missouri’s 529 Education Plan
my529 (Utah)
Oregon College Savings Plan
Path2College 529 Plan (Georgia)
Pennsylvania 529 Investment Plan
ScholarShare College Savings Plan (California)
T. Rowe Price College Savings Plan (Alaska)
The Vanguard 529 College Savings Plan (Nevada)
U.Fund College Investing Plan (Massachusetts)
UNIQUE College Investing Plan (New Hampshire)

One last note: PM’s Advertising Disclosure

When it comes to transparency, you can always count on us here at Planned Man to give it to you.

Here’s our policy on advertising and advertisers:

Our hope is that if PM does the homework for us all, you’ll click on the affiliated links that connect you to purchasing products. It’s a means of attaining happiness for all of us: you’ll enjoy the products you choose and we’ll eat. This is how we’ll cover the costs of answering our challenges at scale. Plus, you have our word: your choice will yield a value to you equal to or greater than its value to us.