Hi – I have a newborn and want to start contributing to his 529. I’m a bit confused by NY’s options but want a low cost index fund and am OK with 100% stocks given the long term time horizon. Which investment options did you select and why?
Thanks!
Hi – I have a newborn and want to start contributing to his 529. I’m a bit confused by NY’s options but want a low cost index fund and am OK with 100% stocks given the long term time horizon. Which investment options did you select and why?
Thanks!
I took a quick look at the age based options and the aggressive ones are 100% stocks until age 5. I think their glide path is pretty good.
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I believe they have age based options that can be 100% stock
I picked my own allocation but in the end it was pretty similar to age-based aggressive.
>Most states offer at least one 529 plan. You don’t have to invest in your own state’s plan, but many states offer residents a state tax deduction for doing so. (There is no federal tax deduction for 529 contributions.) If your state doesn’t offer any tax benefits, shop around to find the best plan for you
[link](https://www.nerdwallet.com/article/investing/529-plan-rules)
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