Over the years, I’ve become a big fan of 529 college savings plans. I set up two of them for my daughters, one of whom is in college. They are great savings vehicles with lots of flexibility and healthy tax breaks.
But not all “529” plans are equal. Some of them are downright rip-offs because they charge high fees and commissions.
As a rule, I would avoid the highest-priced programs, which are usually sold through financial advisers (avoid broker-sold plans).