Comments
Utah has a good thing going with its highly touted Education Savings Plan . . . and even more people ought to take advantage of it.
How good?
Good enough to attract tens of thousands of investors from outside of Utah. Of the 87,000 accounts now held by USEP, nearly 80 percent are owned by non-Utahns. Indeed, of the $1.9 billion in those accounts, 92 percent of it comes from people outside of Utah.
Apparently, they know a good thing when they see it.
The Utah Education Savings Plan is the official 529 college savings plan sponsored by the state of Utah. It's a way for parents and grandparents to put money away, tax free, to be used down the road to help cover the cost of a college education.
Most wise employees these days wouldn't think of not investing in a 401K savings plan for retirement. For parents with children, the same should hold true for a 529 college savings plan. And Utah's plan is touted as among the very best in the nation. It's recognized for its low fees, range of investment options and outstanding management.
Utah lawmakers did a good thing ten years ago when they established the Utah Education Savings Plan. In KSL's view, more Utahns ought to be using it.
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