I've been busy at Independent Financial Planning discussing 529s recently and addressing some of the positives and drawbacks of each type. In this article I was quoted on some details regarding Virginia's prePAID 529 plan. Go ahead and read the article. I think it's well written and let me know if you have questions about what's best for you saving for college.
“In Virginia, for example, “in the event of the death or disability of the beneficiary, or the receipt of a scholarship by the beneficiary, the prepaid semester will be repaid to the account owner,” says Daniel Morgan, managing director of Reston, Virginia’s Independent Financial Planning. In that state, this repayment includes the principal investment, plus any gains on the principal.”
