Mon, 21 Oct 2013
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Coverdells, UGMA/UTMAs, and 529s are among the most popular college-savings vehicles, and savers need to educate themselves on their best option for investing cost-effectively.
Improvements across the 529 spectrum helped increased the medal count in our annual plan ratings, says Morningstar's Laura Lutton.
With age-based and fixed-allocation options, and direct-sold and advisor-sold plans, college savers have a lot of choices, but it's often a gut-check decision as to what's right for them.
Health-savings accounts can be used to save for long-term-care costs in retirement, while a Roth IRA can double as an emergency fund or a vehicle for college savings, says Morningstar's Christine Benz.
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