Rhode Island Nesties
lorist202
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Collegebound Fund
My ILs want to open a 529 fund for DS, and I'm thrilled. However, I somehow recall sometime last fall hearing on the news something about these state-sponsored plans being in trouble (along with everything in this state finance related).
Does anyone recall this or remember when it was so I can look up an article in the ProJo?
Re: Collegebound Fund
Not a Projo article, but this one might be helpful to you (it's from 2009) -- The Best and Worst 529 College-Savings Plans -- http://news.morningstar.com/articlenet/article.aspx?id=287783
Then, there's this one with problems that can arise with funding your college bound funds (from 2010) -- 6 Problems that can Derail your 529 Plan -- http://www.savingforcollege.com/articles/20100416-6-problems-that-can-derail-your-529-plan
Oh, and then I did find a couple Projo articles too.
From 2009 -- A college '529 Plan' requires homework for parents -- http://www.projo.com/business/content/bz_singletary11_05-11-09_0FEABQV_v6.3b4cd4a.html
From 2006 -- Lots to consider when selecting a 529 plan -- http://www.projo.com/business/moneyline/BZ_mon120606_12-06-06_MG37619.22009b2.html
This article is a bit more recent (April 2011) -- Saving for College? 529 Plan remains best choice -- http://www.usatoday.com/money/perfi/columnist/krantz/2011-03-23-saving-for-college-529-plan.htm
This one is as well (April 2011) -- 529s in 2011: What's happening now in College Savings Plans -- http://www.dailyfinance.com/2011/04/27/529-college-savings-plans-changes/
One more that should be particularly beneficial when choosing a plan.
2011 five-year top performing direct-sold 529 plans -- http://www.savingforcollege.com/articles/2011-5-year-top-performing-direct-plans-q1
Since they're investment in the market, the state economy has nothing to do with the plan success. You can choose another state's plan if you wish, but RI does have some tax benefits to enrolling in their plan. We've been looking into this as well.
It took 5 failed IUIs and a failed IVF, but our FET worked!
My pregnancy after Infertility Blog
Our baby girl was born on April 27, 2011!
Jill is right - it's all investments that are separate from state finances. Maybe they want to discontinue the $100 contribution from the state for new babies to save money?
But they can open an account in any state. They should look into what (if any) tax writeoff they would get for the state they live in if they open an account there. You only get to write off money you put in, not gifts from your ILs, so you could just leave it up to them where they open it.
Thank you for your responses and info. Thank you especially to asf for the helpful articles. I'm still sifting through all of this. I hate investments and portfolio stuff. It's not "my bag". lol