My son is one now and we’re exploring options to contribute to a 529 plan. Can anyone share experiences on if they used the Deloitte Vanguard program or did a state sponsored 529? Pros and cons of either? Thanks in advance!

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I don’t work at Deloitte but I started a 529 plan when my son was born. I don’t think there are many benefits of a state sponsored 529 plan other than saving some state income taxes. IMO the benefit isn’t that significant and I’d rather select the plan that has a good selection in investments and lower fees. I ultimately went with a vanguard 529 plan.

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Just started 529’s for my 2 kids this year. IL Bright Start. State tax deduction up to $20k for a family. In IL that’s 4.95% in state income tax so makes a difference.

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Following - I didn’t realize Deloitte vanguard could be used for 529, how does that work?

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I have both the Deloitte vanguard plan and independently have 529 accounts through the PA 529 investment account. Both are vanguard so don’t have strong preferences for one or the other!

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I did the state sponsored program. This was a life saver for my daughter when she got to college age and needed the funds for college.

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Big question is what state you're in and if there are any state tax benefits.

I'm in NC and we get nothing, so I used the Utah plan as it's very highly rated. I forget the key pros for it, but it was clear cut in a race with plan from CA and NY

PA allows you to take a tax deduction for state taxes for contributions to any 529 (doesn’t have to be a PA plan)

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Nevada uses vanguard as well .. low fees is what to look for unless you have a state that has benefits for being there and using that one

I did state sponsored, gives me yearly 4k tax credit and is working pretty well, Ohio.
You know you can open these accounts even before child is born and then change the beneficiary.

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