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Vanguard: 529 Plan Savers Earn Better Grades For Behavior

TedTed
in Fund Discussions
FYI: As part of its ongoing series on 529 account owner
behavior, Vanguard recently reviewed the investment
saving behavior of a random sample of its 529 client
plan account owners. Our analysis revealed a number
of positive trends. First, we found that the use of 529
plans continues to increase, absolutely and relative to
other savings vehicles not specifically designed for
college. Second, 529 college savers are starting early,
giving them more time to benefit from the compounding
of investment earnings and tax savings. Finally, account
owners are contributing more regularly by making
automatic payments. As our results show, regular
contributors save more.
Regards,
Ted
https://pressroom.vanguard.com/nonindexed/529-plan-savers-earn-better-grades.pdf

Comments

  • Sven
    My daughter starts college this fall and it is completely funded by a 529 account. Knowing that we have only 18 years investment horizon, we started a month after arrived once we got her social security number. We continue to invest through the ups and down including the 2007 downturn. Thanks to monthly automatic investment and many discussion on this board. And it all pays off now.
  • davidrmorandavidrmoran
    what a great story
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