Q. I have a 529 plan set up, each time when I contribute to it, I pay a sales fee. How to avoid this 529 fee?
A. Many states offer two different 529 plans - one sold directly to consumers and one sold through advisors. The two plans may have different investments and fees.
The advisor-sold 529 plans tend to have an upfront sales load when you invest the money, this is in addition to the annual plan charges.
While an advisor may help you make better investment decisions, if you don't see much value added, consider changing your 529 plan types.
A. Many states offer two different 529 plans - one sold directly to consumers and one sold through advisors. The two plans may have different investments and fees.
The advisor-sold 529 plans tend to have an upfront sales load when you invest the money, this is in addition to the annual plan charges.
While an advisor may help you make better investment decisions, if you don't see much value added, consider changing your 529 plan types.
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