Asked by Adam  |  Submitted January 16, 2015

I'm saving for college for two children, 11 and 8. I live in NJ. Is my state 529 a good choice or would you recommend a different option?

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  Answers  |  1

January 17, 2015

Hi Adam! My kids are the same age, so I had to do some due diligence on plans as well. While everyone's financial situation is different, I recommend checking out www.savingforcollege.com to compare your state plan with other state plans. You may be able to get a state tax deduction for investing with an in-state plan, and that one variable may make your state plan right for you. If you don't get the state tax deduction, consider plans from other states. Happy savings!

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