Comments on: Setting Up Another 529 Plan

By: Morningstar’s Best and Worst 529 College Savings Plans

Morningstar’s Best and Worst 529 College Savings Plans — Fri, 18 Apr 2008 14:19:26 +0000

[...] the worst college savings plans published by Morningstar yesterday because that’s the one I opened for our younger daughter last year. Fortunately, what I have isn’t exactly what’s named in the Morningstar [...]

By: Ken Clark

Ken Clark — Wed, 19 Mar 2008 05:44:39 +0000

Thanks for sharing the step-by-step on setting it up! It’s always great to hear other people’s reality based experiences, and make an informed decision about each plan.

By: Ken Clark

Ken Clark — Wed, 19 Mar 2008 05:42:32 +0000

Great post. Thanks for giving everyone a step-by-step view!

-Ken Clark

By: Random News: Lower Cost at CollegeAdvantage, Earn Free Trades at TradeKing Community, and Win a Share of Google at Cake Financial | The Suns Financial Diary | A Personal Finance Blog on Saving and Investing

Wed, 06 Feb 2008 15:33:33 +0000

[...] Vanguard options will be reduced by 0.02%. This is a welcome news, though the reduction is tiny. I set up a CollegeAdvantage account for our second daughter last June and have been making monthly contribution since. For an investment that we will hold for at least [...]

By: 2007 Year End Reviews (I): Financial Moves | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Tue, 01 Jan 2008 16:26:42 +0000

[...] got a 529 plan at Ohio College Advantage for our second daughter shortly after she was born. Now we have 529 plans for both our children and [...]

By: August 2007 Score Card — Part I: Net Worth | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Tue, 04 Sep 2007 14:02:24 +0000

[...] plans: Our daughters 529 plans saw a huge jump in August as I opened a new 529 account for our second daughter and immediately contributed $1,500. Now, we invest $300 a month to each daughter’s 529 [...]

By: Sun

Sun — Thu, 16 Aug 2007 02:42:48 +0000

Jel: The main reason for me to open another account instead of just adding another beneficiary to the existing account is that I am not very happy with the fund (through UPromise) I chose for my first daughter because of the $20 annual fees it charges, though the fund is also managed by Vanguard. The cost is slightly higher as well. When I opened the first account, I want to use the rebates from UPromise credit card and invest
them, so the UPromise fund seemed to be an natural choice. Now I don’t have that need, so I want to select a fund that’s cheap and performs well. And getting another account didn’t add too much of burden in
managing them.

By: Jel

Jel — Mon, 06 Aug 2007 19:42:26 +0000

What’s the advantage of setting up a separate 529 for the second child? We just doubled our contribution when the second one was born. We use Nebraska’s plan. It wouldn’t be the one I would pick now, but I’m paying the maintenance fees there anyway already for my first child. The investment choices are pretty good there. So what’s the advantage of having a separate 529 for each child?

By: Personal Finance Review - 88 Cent Edition

Personal Finance Review - 88 Cent Edition — Sat, 04 Aug 2007 20:20:14 +0000

[...] reading my article on choosing a 529 plan, the Sun’s Financial Diary decided to set one up himself. He chose Ohio too after his research. It looks like Five Cent Nickel has as well. Though he makes [...]

By: Sun

Sun — Wed, 01 Aug 2007 04:46:38 +0000

Lazy: Yes, you can choose different funds to mix them up for your own allocation, but I wonder if it could produce better return given the small number of choices. Increasing the international portion could help a little bit.

By: MossySF

MossySF — Mon, 30 Jul 2007 17:34:38 +0000

You can always pick the mix yourself. I split it evenly amongst S&P500, Extended Market and Developed International.

By: Moneymonk

Moneymonk — Mon, 30 Jul 2007 17:30:01 +0000

Good investment choices, you cannot go wrong with Vanguard.

I have T Rowe Price for my little one. I started when I was 5 months pregnant ( excited, because it was my child ). I may have to look into Ohio for the next child.

Another reason I love to blog, good information.

By: Lazy Man and Money

Lazy Man and Money — Mon, 30 Jul 2007 15:07:07 +0000

Thanks for the shout out. I ended choosing the same aggressive portfolio. For only two components it seems fairly diversified. I would have probably preferred it to be 75/25 mix, but it’s hard to be picking considering that it has Vanguard and lacks all the fees.