Oppenheimer Flop Can Be Avoided in College Plans: John F. Wasik

Source: bloomberg.com Posted By: Abeni W...5477 days ago

April 20 (Bloomberg) -- Does your college savings fund look like a frat house after a destructive all-night party?

It shouldn’t. After all, college funds should be well protected because unlike retirement, you don’t have 30 years or more to build up a kitty.

Safety wasn’t part of the curriculum, though, in far too many 529 savings plans, named after the relevant section of the Federal Internal Revenue Code. Administered by state treasurers and managed by mutual-fund companies, such plans had....

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