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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: hdl who wrote (103235)	1/23/2006 2:17:05 PM
From: Knighty Tin	Respond to of 132070

529s are odd ducks where the state tax is just part of the equation. There are several things going on. First, some states do not have state income taxes. I live in one of those. Some have very low income taxes that make them a minor consideration. Some have high taxes, but don't offer a deduction for their in-state plan. And, some states have expensive or poorly managed fund selections. All things being equal, I would use a state plan in a state with a high state income tax. But all things are never equal. That being said, if a broker only has one plan to offer, I'd ask why.