![]() Unlike the Vanguard 529 Plan, it offers a generous tax benefit for Ohio taxpayers: a state income tax deduction worth up to $4,000 per beneficiary per year. Tax Benefits for In-State Participants: Up to $4,000 state income tax deduction per beneficiary per yearĬollegeAdvantage is Ohio’s 529 college savings plan. ![]() Fees and Expenses: About 0.15% to about 0.30% inclusive of all management and account fees, depending on portfolio type.Maximum Cumulative Contribution: $377,000 per beneficiary.In keeping with Vanguard’s famous commitment to low investment management fees, the Vanguard 529 Plan has some of the lightest expenses of any 529 scheme: just 0.14% of assets under management per year for target enrollment portfolios, passively managed accounts that automatically reduce risk as the beneficiary’s expected college enrollment date approaches.Įxpenses aren’t much higher for the plan’s individual portfolios, which mix and match Vanguard mutual funds to create custom investment mixes finely tuned to account holders’ risk tolerance and investing objectives.Īnd as one of the United States’ largest 529 plan managers (it manages or sponsors several other state plans), the legendary investment house brings a wealth of experience to bear for its plan participants. The plan more than makes up for this modest shortcoming elsewhere. As such, the Vanguard 529 Plan doesn’t offer direct state tax benefits to Nevada residents. That’s a bit ironic, considering Nevada is one of the handful of states that don’t levy state income tax. ![]() The Vanguard 529 Plan is one of the best state 529 plans available to American savers today.
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