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By Christine Benz | 04-23-2009 06:00 AM

Is Your 529 Plan a Lemon?

Fees, flexibility, and the quality of underlying funds are good touchstones in assessing your 529.

Christine Benz: Hi, I'm Christine Benz from Morningstar. Morningstar has just come out with its annual study of the Best and Worst 529 Plans. I am here today with the study's author, Greg Brown. Greg, thanks for being here.

Greg Brown: Sure, sure.

Christine Benz: Well, Greg, we just spent some time talking about some of the problems specific to the plans that had been managed by the Oppenheimer family of funds. But, let's face it. All 529 plans suffered in 2008, a terrible year for stocks. How do I know if my plan is a lemon, even if it wasn't managed by Oppenheimer Funds? How do I know if I've got one that, maybe, I should do something about?

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