If you live in the state of New York, you can choose from these two New York 529 College Savings Plans available: the Direct Plan and the Advisor-Guided Plan. Read on to find out which plan is ...

529 college savings plans are popular because they offer a combination of high contribution limits, investment flexibility and tax advantages — New York State allows certain contributions to … ...

For example, a New York couple earning $150k contributing $10k to the New York state 529 plan would save about $585 in state income taxes. But if that $10k earned 7% rather than 6% over 18 years ...

The New York 529 Direct Plan charges an annual .16% fee based on total annual assets in the plan. So for a $10,000 account, this comes out to a mere $16 fee per year. Other states have plans with ...

The state of New York is late in putting out its request for proposal for its direct-sold Section 529 college savings plan, and in-state investors are paying higher fees as a result of the state's ...

New York’s 529 plan, Direct Plan. New York’s plan is available to residents of any state, and it offers low-cost investment ...

The plan is available for both in-state and out-of-state savers, and it offers up $4,000 in state tax deductions per beneficiary for Ohio residents. New York’s 529 plan, Direct Plan. New York ...

For instance, many plans waive account maintenance fees for residents of the state that sponsors the plan. For example, New ...

In December 2022, the SECURE 2.0 Act expanded 529 plan rules by stating that as of January 2024, a maximum of $35,000 in a 529 plan that has been open for 15 years or more could be transferred tax ...

Q. I’m the mother of a 10-year old who attends a private school in New Jersey. We opened a 529 plan in New York state. New Jersey allows for using a 529 plan to pay for K-12 tuition but New York ...

For instance, many plans waive account maintenance fees for residents of the state that sponsors the plan. For example, New York’s Direct 529 plan comes with no account maintenance fees, advisor ...