Why My529 is One of the Best 529 Plans for Budget-Conscious Families Saving for college can feel like an insurmountable challenge, especially when every dollar in the family budget counts. Parents often worry about high fees eating into their hard-earned savings or being unable to meet steep minimum contribution requirements. This is precisely where My529 , Utah's acclaimed 529 college savings plan, shines brightest. Consistently rated as one of the nation's top plans by independent investment research firms like Morningstar, My529 is a powerhouse for budget-conscious families for several compelling reasons. 1. Goodbye to High Fees: More Savings, Less Stress For any long-term investment, fees are the silent killer of returns. Over 10, 15, or 20 years, even small percentage differences can amount to thousands of dollars lost. My529 stands out by maintaining some of the lowest fees in the entire 529 industry. Low Expense Ratios: My529's investment options primarily feature ...

My529 vs. Virginia529: Which College Savings Plan is Right for You? When choosing a 529 college savings plan, you are not limited to the plan offered by your home state. 1 Both My529 (Utah's plan) and Invest529 (Virginia's plan, one of the programs offered by Virginia529) are nationally recognized, highly-rated direct-sold plans that are available to anyone in the country. Deciding between them often comes down to your state of residence, investment preferences, and specific fee structure. Here is a side-by-side comparison to help you choose the best fit for your financial goals. I. The Residency Factor: State Tax Benefits The most significant differentiator is the state income tax benefit, which generally only applies if you live in the sponsoring state. 2 Feature My529 (Utah) Invest529 (Virginia) Eligibility (General) Open to all U.S. residents. Open to all U.S. residents (except for the Tuition Track Portfolio). Utah Residents Account owners get a state income tax credit ...