A 529 plan is an investment account that offers a tax-advantaged way to save for college and other education costs. The best 529 plans have lower fees and better investment choices, making them an attractive option for parents and students looking to save for higher education. Fidelity, a well-known online brokerage, offers a range of 529 investment options that cater to different investment styles and goals.
Before choosing an investment firm, think about your goals and investment style. Are you looking for a hands-on approach with individual stock picks, or do you prefer a more passive investing strategy with index funds or ETFs? Fidelity is an online brokerage that offers commission-free trading, automated advice, investment research, and other wealth-building tools to help investors achieve their financial goals.
Some of the Best 529 Plans have lower fees and better investment choices. Find the Forbes Advisor list of the Best 529 Plans available to help you make an informed decision about where to invest your college savings. Compare the best 529 plans. We picked the best plans for college savings based on performance, low fees, and strong investment options.
When it comes to online brokerage services, two names that often come up are Fidelity and Interactive Brokers. Fidelity, based in Boston, has been around for years and is known for its user-friendly platform and robust research tools. CNBC Select reviews the best stock trading platforms that don't charge commission fees, making it easier for investors to find the right platform for their needs.
Morningstar's manager research analysts annually assign forward-looking, qualitative ratings to a majority of the 529 education savings plans, helping investors make informed decisions about where to invest their college savings. 529 beneficiaries can convert a portion of unused funds to a Roth IRA starting in 2024, providing additional flexibility and tax advantages for college savers.
Overall, Fidelity offers a range of 529 investment options with competitive fees and strong investment choices for college savings. Whether you're a hands-on investor or prefer a more passive approach, Fidelity has options to suit your needs. Consider comparing the best 529 plans and consulting with a financial advisor to determine the best investment strategy for your college savings goals.
