Is it better to keep all money in a mutual fund, or move some to a college savings fund (529)?

The mutual fund has a great interest rate, but the 529 has a tax savings - so which is better ?

depends on needs
529 plan is only for college and higher education otherwise there is taxes and penalties

if you want more options for this money for your kid go with the mutual fund

also nothing says you can't have both!!!
just be warned that the 529 plan will probably have an annual fee though (most are like $25) but there are ways around it

I was not happy with my 401K and I trust Mutual Funds so I recommend the following site.

The mutual fund does not have an interest rate. It has a rate of return. The 529 is invested in something. It could very well be the SAME mutual fund. You need REAL information to ask an answerable question.

Tags

　　Online Investment 　　Online Business 　　Offshore Investment 　　Mutual Fund 　　Money Market Funds 　　Money Investment 　　Managed Fund 　　Make Money

Related information

My question is about SBI MAGNUM TAX GAIN MUTUAL FUND SCHEME 1993?

SBI MUTUAL FUNDS MAGNUM TAX GAIN SCHEME IS AN ELSS SCHEME (EQUITY LINKED SAVINGS SCHEME). IT IS NOT A CAPITAL GUARANTEE SCHEME. INVESTMENTS IN THIS SCHEME WOULD BE SUJECT TO LOCK-IN OF 3 YEAR...

Is there a law that mandates you draw on your mutual fund at age 75?

Not mutual funds, but IRAs and 401ks must be drawn down by a certain percent each year once you turn 70 and a half. The government wants to collect all those taxes you deferred.

...

What advantage does LIC's Market Plus "without life cover" have over a mutual fund?

LIC market plus is a ULIP. ULIP is not an intelligent investment as there is lot of initial charge in form of premium allocation charge & These are also not good in term less then 10 year. It i...

Where to contact CEO Mr Michael Mansfield of Swiss Mutual Fund (1948) S.A.? In New York?

Doesn't look like one but it requires a 2 mil for individual accounts to open. Then again with swiss banks I think this is a typical amount to invest.

...

Can I roll over my traditional IRA in my bank to a mutual fund company?

You can. But why would you? For more and more people that would NOT be the right thing to do! (and those who tell you otherwise, just don't know yet!) First off, you could move your ...

I am 58 yrs old. closed annuity and am reinvesting in a mutual fund with another co. will i avoid tax burden?

You must complete the rollover by the 60th day following the day on which you receive the distribution. An exception to this rule is if the annuity was from a qualified retirement plan (other t...

How difficult is it to get a job in Singapore in the mutual fund industry?

I have two buddies working in Singapore, and they both only speak English. One is a teacher, the other insurance sales. They both like it and plan on staying there. I know that if you are lookin...

Do I have to pay capital gains and dividend tax on a Mutual Fund I plan to keep for 5 years?

Yes Each year when your mutual fund earns dividends or capital gains, you receive your share and it is reported to the IRS on a 1099DIV. You receive a copy of the 1099DIV. You report the inf...