Talk:529 plan

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[edit] Questionable info in " Valuing Children, Knowledge and Money" reference

I am changing the comments associated with the "Valuing Children, Knowledge and Money" reference from Southern California InFocus magazine. The Wikipedia contributor is misunderstanding the author of the reference (who writes in an over-simplified style). Contrary to what the wikipedian thought was being said, the Pension Protection Act of 2006 did not "make 529 plans permanent". Instead, it permanently extended the federal tax free status of distributions to beneficiaries, which previously was due to expire in 2010.[1].

The InFocus reference is useful because it refers to the lack of socially responsible investment options, in this particular case for Muslim investors. Thus my edits. technopilgrim 07:42, 6 May 2007 (UTC)

Why is it considered a disadvantage of the 529 plans that Muslim investors have no options. Perhaps that's a disadvatage of Muslim banking principles and not of the 529 plans. (On another note, one could say that one of the disadvantages of the 529 plans is that plan documents are not available in Japanese. Maybe that inconveniences someone; but surely it is not a disadvantage of the 529 plan itself.) 76.19.47.245 15:37, 27 October 2007 (UTC)CpT

The article is saying that one of the disadvantages of the 529 plan at the moment is that there aren't a huge range of choices available to investors, so it may not fit in with their investment strategies - and it uses the lack of options suitable for people who follow Muslim investment principles as an example. I think the assertion could use more general references as support, but narrow provision is a reasonable disadvantage to highlight in general. -- SiobhanHansa 16:01, 27 October 2007 (UTC)

[edit] Article fails to cover list of eligible expenses

I find the article incomplete since it fails to specifically itemize a detailed and complete list of the eligible "qualified higher education expenses" that 529 plans allow.71.34.139.140 20:50, 18 September 2007 (UTC)