529 Plans From Major Firms
Major firms have gotten into the "529" act. The largest manager in terms of assets under management is Merrill Lynch, followed by Putnam Investments, Alliance Capital, and Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA-CREF). We believe that TIAA-CREF offers a particularly attractive 529 product because of its low minimums, low fees and above-average returns.
For more information, go to www.tiaacref.com/tuition/index.html.
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