Best 529 Plans in 2024: Top-Rated Options for Education Savings

In 2024, finding the best 529 plan for your child’s education savings is crucial. With a plethora of options available, it’s essential to choose wisely to maximize your investment. Business Insider’s editors have compiled a list of the top 10 529 plans for the year, based on factors like fees, tax benefits, and investment options.

Here are the top 10 529 plans for 2024:

1. Bright Start Direct-Sold College Savings Program (Illinois)
2. U.Fund College Investing Plan (Massachusetts)
3. Oregon College Savings Plan
4. Ohio’s 529 Plan CollegeAdvantage
5. UNIQUE College Investing Plan (New Hampshire)
6. ScholarShare 529 (California)
7. Pennsylvania 529 Investment Plan
8. my529 (Utah)
9. New York’s 529 College Savings Program
10. Alaska 529

Each of these plans offers unique features and benefits, such as low fees, tax advantages, and diverse investment options. It’s essential to compare and research these plans thoroughly to find the right fit for your financial goals.

Additionally, it’s crucial to consider factors like minimum investment requirements, fees, investment options, and the type of plan when choosing a 529 plan. Consulting a Certified Financial Planner specializing in education savings plans can also provide personalized insight and guidance.

Remember, investing in a 529 plan can offer long-term tax-free growth and the power of compound interest, but it’s essential to weigh the advantages and disadvantages before making a decision. With the right plan in place, you can set your child up for a bright future without the burden of overwhelming education expenses.