I have an initial contribution of $5000 for my 2 year old and subsequent contributions would be much less because I need to start putting any money saved toward my own Roth IRA. My state of HI does not offer any tax incentives and HI's plan is not rated well. I have been researching the plans of
Arizona Illinois Nebraska New Mexico Oregon South Carolina Virginia
With such a small amount of money ($5000), would it be more cost effective to start this plan with a direct sold or advisor sold plan? I would really like to get started now as my son is already over 2 years and would really appreciate some help from those knowledgeable on this board. Do you have any recommendations for plans among those that have good returns and low costs for non-residents. Thank you in advance.
