What is the best 529 plan in Texas?

Performance

Does Texas have a good 529 plan?

The Texas College Savings Plan is a qualified 529 savings plan that offers: A choice of savings options, Tax-free growth for your investment, and. Tax-free withdrawals on earnings used for qualified higher education expenses, including books, room and board, transportation and more.

Is a 529 tax deductible in Texas?

Contributions to the Texas 529 plans are not tax-deductible on state income tax returns. Texas is one of nine states that do not have a state income tax and therefore do not offer a tax deduction or tax credit based on contributions to the state’s 529 plan.

Can you lose money in a 529?

You don’t lose unused money in a 529 plan. The money can still be used for post-secondary education, for another beneficiary who is a qualified family member such as younger siblings, nieces, nephews, or grandchildren, or even for yourself.

Is the Texas College Savings Plan a 529 plan?

The Texas College Savings Plan. The Texas College Savings Plan is a tax-advantaged 529 college savings plan designed to help families and individuals nationwide save for qualified higher education expenses.

Is the Lonestar 529 plan a tax advantaged plan?

Sponsored by the state of Texas, the Plan makes it easy to save by offering professional management, low fees, and a wide range of investment options. The LoneStar 529 Plan is a tax-advantaged 529 college savings plan designed to help families and individuals nationwide save for qualified higher education expenses.

What is the performance of a 529 plan?

* Performance is the fund’s five year return based on a moderate risk, age-based portfolio for a child ages 0-6. State rules and policies governing 529 plans can change at any time. Please visit individual plan websites for additional information.

Which is the best 529 plan in the US?

Rank State Plan Performance Score 1 Ohio Ohio’s 529 Plan, CollegeAdvantage 30.07 2 West Virginia SMART529 WV Direct College Savings Plan 30.21 3 New York New York’s 529 College Savings Program – 33.06 4 Nevada The Vanguard 529 College Savings Plan 33.81