529 Plan and College Savings

Archive for July, 2009

Question: Which is a better investment for 529 Plan, Vanguard or Fidelity?

From what I saw, Fidelity has no annual fee but charges 0.03 percent on deposits. Vanguard requires $3000 deposit or be subject to $20 annual fee but there’s no fee on deposits.

So Vanguard sounds like a better deal but I don’t have the $3000 deposit yet.

But which company is better at giving better returns?

Answer: Vanguard has a history of the lowest fees. Lower fees are like adding to your return so your already in the win column. My vote is Vanguard.

Estate Planning – Spotlight December 2009