Fox Hill Farm

 

529 college savings plans

This new PA law took effect July 1.
http://www.philly.com/mld/inquirer/business/15047195.htm

Selected paragraphs from the Philadelphia Inquirer article:
"A law signed by Gov. Rendell two weeks ago allows Pennsylvania taxpayers for the first time to take state income-tax deductions on contributions of up to $12,000 a year to 529 plans offered anywhere in the country."

"I would start by looking at the plans recommended by Morningstar Inc., the investment-data company. They like the plans sold directly to investors, without the help of brokers, by Alaska, Nebraska and Utah. The Utah plans have the lowest fees and are administered by The Vanguard Group."

To check out these plans, or any others, try the Web site http://www.savingforcollege.com.

 
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