Colorado Residents Have Three Options For 529 Investment Plans
Nearly every state offers section 529 plans for families who wish to save money for their children's college expenses. The quality of each plan, in terms of the possible fees, rules and regulations will vary. Some plans allow the account owner to change beneficiaries, while others do not. Upromise and Vanguard manage Colorado's Direct Portfolio College Savings Plan. This 529 plan offers three age-based options for residents to invest in their child's future. Selections are made based on your risk tolerance level. The conservative option is usually less volatile and consists mainly of bonds or shot-term investments. The aggressive option has more stock funds, while the moderate is a mix between the two.
