RegentAtlantic Capital, a financial planning firm in Chatham, New Jersey, recently named its top 529 college savings plans.
Missouri. Managed by TIAA-CREF, this plan is low-cost and well-diversified, with excellent service. Taxpayers filing in Missouri can deduct contributions up to $8,000 per year on their state tax returns.
Nebraska. Regent commends this plan for “the best suite of low-cost index funds with a great deal of diversification.” Contributions up to $1,000 are state-tax deductible.
Alaska. Of two plans in this state, Regent prefers the one managed by T. Rowe Price for its low costs, broad diversification, and aggressive equity allocations.
On the downside, Regent is unenthusiastic about the 529 plans offered by Wisconsin, Alaska (the version managed by Manulife Financial), and Nebraska (its AIM Funds plan). These plans get low marks for high costs.