Getting Creative With 529 Plan Options
Unhappy with your plan's age-based portfolio choices? Consider using pure-equity, pure-bond, or pure-cash offerings to supplement them.
Note: This article is part of Morningstar's October 2013 College-Savings Boot Camp special report. This article originally appeared Sept. 10.
Question: I like the tax break I get for contributing to my state's 529 college-savings plan for my daughter and would prefer to use the age-based portfolio option, but I'm not thrilled with its allocation to stocks. Is there anything I can do?