Hello:
My h and I just recently decided to invest in a 529 plan. We currently have a Custodial account for both of our children and want to have another type of account.
But, looking at all the info, it is very confusing! There are 50 states and many states have more than one plan, so it would take endless hours to research them all!
We are in CA, so am wondering why it just wouldn't be best to invest in the CA state plan. We could look around at all of the plans and find just the one that had best performance, etc, but I am just wondering whether that is just overkill.
So, what would we be losing by just opening a 529 plan in our own state? Would we really be that much worse off?
Sometimes flexibility and choice is a good thing, othertimes it just seems to overwhelm me.
Advice, input, comments most appreciated!
Thanks!