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janbb's avatar

California Jellies: Any special tips for college funds for kids?

Asked by janbb (57186points) September 9th, 2016

Want to start a college fund for my wee granddaughter. I know some of the states have special savings accounts you can set up that are tax deferred. Anyone know anything germane to California or federal policies in general

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2 Answers

monthly's avatar

There is no tax advantage for starting a 529 plan in California. I recommend using Iowa or Utah’s 529 plan. My wife and I used College Savings Iowa for our daughter. We used it because it uses Vanguard index funds which are low cost.

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