ashandri
I am debating between the NC and Utah 529 plan. We have a two daughters, ages 2 and 3. Would love anyone's thoughts on which is the better investment.
NC offers a V fund option (low cost) that invests in vanguard life strategy growth funds. VASGX-Vanguard Life Strategy Growth VSMGX-Vanguard Life Strategy Moderate Growth VSCGX- Vanguard Life Strategy Conservative Growth.
The Utah age based options (low cost) also invest in Vanguard funds, but divides money between:
VITBX (Vanguard Inst Total Bond Market Index)
VIIIX (Vanguard Institutional Index Instl Pl)
VMCIX (Vanguard Mid Capitalization Index Ins)
VSCIX (Vanguard Small Cap Index Instl)
VWILX (Vanguard International Growth Adm)
VTRIX (Vanguard International Value)
The percentages just change with age. I think that you can choose other individual Vanguard funds (such as VTSMX), but I plan on going with the age based options since I am still in the early stages of learning about investing.
Expense ratios are very similar with both plans. I think that asset allocation between stocks and bonds are fairly similar within the age groups just different funds. Residency is unsure so don't want to base our decision on that. So...based on investment options, which would you choose? Thanks for any help you can give:)
NC offers a V fund option (low cost) that invests in vanguard life strategy growth funds. VASGX-Vanguard Life Strategy Growth VSMGX-Vanguard Life Strategy Moderate Growth VSCGX- Vanguard Life Strategy Conservative Growth.
The Utah age based options (low cost) also invest in Vanguard funds, but divides money between:
VITBX (Vanguard Inst Total Bond Market Index)
VIIIX (Vanguard Institutional Index Instl Pl)
VMCIX (Vanguard Mid Capitalization Index Ins)
VSCIX (Vanguard Small Cap Index Instl)
VWILX (Vanguard International Growth Adm)
VTRIX (Vanguard International Value)
The percentages just change with age. I think that you can choose other individual Vanguard funds (such as VTSMX), but I plan on going with the age based options since I am still in the early stages of learning about investing.
Expense ratios are very similar with both plans. I think that asset allocation between stocks and bonds are fairly similar within the age groups just different funds. Residency is unsure so don't want to base our decision on that. So...based on investment options, which would you choose? Thanks for any help you can give:)