Best Investment Strategy For Your 529 Plan?

In this video, I explore the best investment strategy for your 529 plan. We'll compare target date funds, which automatically become more conservative as your child nears college, to an S&P 500 fund. I'll break down the pros and cons of each approach and share my own investment strategy for my kids' 529 plans. Whether you're just starting out or re-evaluating your current plan, this video will help you make an informed decision. Don't forget to like, comment, and subscribe for more personal finance tips!
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TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
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[@chaseplybon2681]

This is excellent Travis💪🏼

[@slimdawgwoof]

I was hoping you'd make another video soon! Thank you

[@BCVideos01]

Thanks Travis

[@madeinhua]

Thanks for the info, Travis! Any specific 529 plan recommendations for Texas residents, as we can’t get the Florida plan? Thank you

[@TravisSickle]

There are a bunch that work well. I have a series on the 529 and cover a few of them. They're so close in pricing that it really doesnt matter. A few basis points, which is a fraction of a penny, is the difference in the plans. I personally like the s&p500 funds inside the 529 plans so check out a plan that has that option would be my choice. I also use the Utah and Ohio plans which have the exact same fund.

[@krishb3642]

Thanks for the info Travis , I like the way you explain things .Is the same plan available in GA 529 plan ? Do you suggest this plan for GA residents as well or is there any better plan available in GA 529 savings plan for GA residents

[@TravisSickle]

You can select a similar option in that plan. You may qualify for a state income tax deduction by using your own state. I believe it's up to $8k in Georgia.

[@krishb3642]

You mean the same plan available in GA529k as well

[@jensterling7293]

I am not a Florida resident. Would I still be able to enroll in a Florida 529 plan

[@davidj3386]

Yes, you can.

[@fatcat9468]

Neither am I but I do plan to move to Florida in the next 3 to 4 years due to family. Am I able to enroll in a Florida 529?

[@thotyacht3951]

Do I claim allowances for dependents if I’m single???

[@prasannavenkatesh2413]

Does NC 529 plan offer state deduction?

[@davidhewitt9692]

I don’t think NC does offer a state tax deduction on 529 contributions

[@TravisSickle]

@@davidhewitt9692 you are correct. Thank you!
www.cfnc.org/news/how-does-an-nc-529-tax-deduction-work/

[@jensterling7293]

Can anyone open a Florida 529 or do you have to be a resident?

[@davidhewitt9692]

@@jensterling7293 You have to be a resident of FL.