The 529 college savings plans in both North Carolina and South Carolina received bronze stars in this year's rankings from Morningstar, which identify plans the firm's analysts expect to perform better than their peers, taking risk into account, in both up and down markets.
Four state plans -- Alaska, Maryland, Utah and Nevada -- got gold star ratings. Arkansas, Michigan, Ohio and Virginia were given silver stars.
The Carolinas joined 17 other state plans in bronze ratings. All had "well-executed strategies at a fair price," Morningstar wrote. South Carolina's two plans were on this list.
Thirty-three plans got neutral ratings, and four -- Kansas, Minnesota, and two in Rhode Island -- were negative.
Monday, October 22, 2012
Carolinas' 529 plans gets bronze ratings
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2 comments:
NC 529....MORE THAN JUST DOLLARS
The minimum contribution is $25. North Carolina doesn't make it easy for more than one person to make a contribution to the funds unless an automatic withdrawal is set-up .... and that's something I encourage.
NC529 can help motivate kids to do better in school. Whenever I make contributions to my grandkids' funds, I let them know it and what the new totals are.
I've often wondered if those kids who didn't go on to college or didn't study for a trade after high school would have been motivated to, if they'd had someone showing a financial interest in their futures at the earliest years.
Bolyn McClung
Pineville
The author should have made it clear, you do not have to live in a state, or plan to send your kids to college in a state, to invest in that state's 529 plan.
My kids will go to school in NC which is where we live but they have 529 plans in Utah which is consistently one of the best.
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