And Why Few High School Juniors or Seniors Should Still Own One:
There are better, safer alternatives to a 529 Plan for ongoing contributions over longer (10-18 year) time horizons. Why don't brokers and the 529 Plan industry discuss them?
We already do know that, at the very least, some - if not all - 529 Plans are far from the best way to save for college. How do we know? We've got annual reports and we have a calculator. For a sample of one 529 Plan's fund performance, net of fees, click here.
529 Plans and High School Children
529 Plans and Primary School Children
Are there any Negatives to Owning a 529 Plan OTHER than the fact that it may lose a lot of its value, right before your child's tuition is due? Unfortunately, yes.