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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. |