Curious about who you'll use for your 529 accounts for your kids. I know Washington has the Dream Ahead plan, but do I need to use that? Also, if I do, do I have to use their broker interface or can I choose my own? Any insight is greatly appreciated!

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mjarrett t1_jatkfxs wrote on March 3, 2023 at 11:34 PM

There's no tax benefit to using a WA specific plan, so definitely shop around.

Personally, I use Fidelity's UNIQUE savings plan. Rate of return is decent, but more importantly, Fidelity's investment portal is excellent.

whidbeysounder t1_jatruya wrote on March 4, 2023 at 12:30 AM

Here is a good guide, Washington is fine but sense there is no specific state benefit might as well shop other states.

https://clark.com/personal-finance-credit/investing-retirement/529-plan/

scooterpet t1_jat1eb5 wrote on March 3, 2023 at 9:20 PM

I use dream ahead. In conversation with Fidelity, they said it was similar to theirs. Don’t bother moving it.

Capable_Nature_644 t1_jau5rjy wrote on March 4, 2023 at 2:22 AM

My parents opened up a bank account for me but didn't let me use it at all. They deposited money into it and after a while turned it into a cds and money markets and let it grow until college. Then I was allowed to use it with supervision. This type of thing can easily be managed on your own without any special services.

therealalanwatts OP t1_jaup7od wrote on March 4, 2023 at 5:16 AM

Right but that’s not a tax advantaged account like a 529 account is.

kkicinski t1_jaw88ug wrote on March 4, 2023 at 3:39 PM

My kids’ 529s are with American Funds.

anti-zastava t1_jawbhhz wrote on March 4, 2023 at 4:01 PM

Look at Washington State GET Plan (a guaranteed education tuition plan specific to the state).

Rocketgirl8097 t1_jaws5cd wrote on March 4, 2023 at 5:54 PM

Savings bonds, if used for college tuition, are tax free when cashed. At least used to be.