CollegeAdvantage Direct 529 Plan
Ohio’s 529 Plan rankings As of March 31, 2021, CollegeAdvantage Direct 529 Plan ranks first in the nation for the best investment performance in the ten-year category. Ohio’s Direct Plan also ranks second in the nation in the three-year category, sixth in the nation in the five-year category.
Which 529 plans have the best returns?
Top 10 performing 529 college savings plans
| Rank | State | Plan |
|---|---|---|
| 1 | Nevada | USAA 529 College Savings Plan |
| 2 | Maryland | Maryland 529 — Maryland Senator Edward J. Kasemeyer College Investment Plan |
| 3 | Alaska | Alaska 529 |
| 3 | Alaska | T. Rowe Price College Savings Plan |
Is Ohio 529 a good plan?
As of March 31, 2019, CollegeAdvantage Direct 529 Plan now ranks first in the nation for the best performance in both the five-year category and the ten-year category. Ohio’s 529 Plan was also ranked fifth nationwide for the best performance in the one-year and three-year categories.
What is the best way to set up a 529 plan?
How to Open a 529 Plan
- Choose a 529 Plan. Parents and grandparents can invest in any state’s 529 plan, not just their own state’s 529 plan, so they should shop around.
- Determine the Type of 529 Plan Account.
- Complete the 529 Plan Application.
- Fund the 529 Plan.
- Choose Investments for the 529 Plan.
How much can you contribute to a 529 plan in Ohio?
Ohioans can deduct their Ohio 529 contributions from their Ohio taxable income, up to $4,000 per year, per beneficiary, with unlimited carry forward. In other words, an Ohio resident can take up to a $4,000 deduction from their state income taxes for contributions to each Ohio 529 plan with a different beneficiary.
Can 529 be used for medical school?
Paying for Medical School with a 529 Plan Because these accounts are meant to cover the cost of education, all forms of higher ed are considered qualified distributions, including graduate degrees and med school programs.
