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College savings.(your letters)(Letter to the Editor)
Your November article "Solving the 529 Puzzle" states that the minimum investment needed to open a Upromise College Fund Plan account is $3,000. Not true. Parents can get started with a $50 monthly automatic bank-draft contribution, or a one-time $250 investment. Further, in the case of New York state's 529 plan, participants can open an account with a minimum investment of $25, or $15 with payroll deduction. The article discusses the New York state plan and suggests that fee structures have changed to the detriment of consumers. Of the 49 states ...
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