Mutual fund expert Morningstar has just published its seventh annual report on 529 plans. The report looks at 53 of the largest plans, focusing on the underlying investments, performance, manager, track record of the fund company and fees. Some were very good, others below average, particularly in terms of weak performance and high fees -- always a bad combination.
For those of us with teens in high school and no very young ones, the report may not be too useful. In fact, you may want to pass on looking for your plan's ranking. Ignorance may not be bliss in this case, but reality may bring you to tears.
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