How can I select the best 529 college savings account for my sons in NJ? ?

Question

I live in NJ with my 2 sons ages 11 and 3-1/2 and I currently have an NJ Best 529 college savings account for each of them. I'm dissatisfied with those accounts because of the high expenses and fees, and my contributions are not tax-deductible. I want to switch to a different 529, but I'm having trouble selecting. I'd like to avoid brokered accounts due to sales costs and to stick with direct accounts. I hear that Utah's, Iowa's, and NY's 529s offered through Vanguard are all quite good. Does anyone have any input about what I should consider in this decision or, even better, which state's 529 might be best for a NJ resident? Thanks.

Answer 1

fidelity.com has always treated me right when dealing with my mutual funds. i dont have kids yet so i have yet to check into the 529 savings account... your sales costs should not be over 5-6 percent but they are typical for "new" money... nice job taking care of your kids college early as i never had anything like that... i am fortunate to know a lot about personal finace now and was able to get out of debt and live a cash money outlook. building wealth instead of paying debt.