If you look at the small print, 529 Saving Plan Fees are not cheap, however, Fidelity just announced that they are cutting their 529 Saving Plan Fees by 50% in certain states. Yes, 50%!
These state include, New Hampshire, California, Massachusetts, Delaware, and Arizona. Vanguard and Upromise, which manage plans in New York and Colorado, have also cut fees, as has TIAA-CREF, which manages Vermont plan.
Keep in mind, over the long term, it’s not about investing at the right time, it’s about “investing consistently.”
If you have children, talk to your financial advisor about Fidelity’s 529 Saving Plan Fees, and see if this, or another 529 Saving Plan could be the fit for you and your family. Let’s make 2010, our best year ever!
