Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How State Tax Breaks Trick College Savers
Most families flock to their home state’s 529 plan for the tax deduction, but a closer look at recent fee structures and fund performance reveals a hidden cost. We examine how out-of-state plans with lower expense ratios can actually save more money than in-state perks, using specific examples from Virginia and New York to show why chasing local tax breaks might be costing families thousands over a four-year degree.
#529Plans #CollegeSavings #StateTaxes #InvestmentFees #FinancialPlanning #HigherEducation #TaxDeductions #StudentLoans #PersonalFinance #WealthManagement #EducationFunding…
The skinny
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