09/16/2020 | Press release | Archived content
You want to make the smartest decision possible in all aspects of your life. When you start saving for your child's future higher education in Ohio's 529 Plan, CollegeAdvantage, you will need to select which investment options you would like to place your funds.
Ohio's 529 Plan offers a diverse range of investment options from which you can build your college-savings strategy. These 529 saving options include ready-made age-based portfolios, ready-made risk-based portfolios, individual investment options, and FDIC-insured banking options, all provided from our partners and leading investment managers - Vanguard, Dimensional Fund Advisors, and Fifth Third Bank. Ohio's 529 Plan also offers tools and calculators to help you shape the college savings plan that right for your family's needs.
If you are wondering in which investment options other account owners have selected to save for college, here's our latest 'Top Ten List.' These portfolios hold the largest balances of customers' Direct Plan accounts, for the second quarter of 2020.
Top 10 investments options in Ohio's Direct 529 Plan
The top 10 investment options with the highest value of assets under management (fund balances in millions, as of June 30, 2020) are:
Did you know that 529 plans can be used for whatever comes after high school, including federally accredited trade and specialty schools, apprenticeships, community colleges, certificate programs, four-year universities and colleges, graduate school, law school, and medical school. So, if your child chooses to further their education by attending a trade school or certificate program, you can also use your 529 account to pay for qualified costs there.
If you're ready to start saving for your child's future college expenses, it's simple to go online to open an account in minutes. If you already have a 529 plan, it might be time to review your new life-stage account strategy or perform account maintenance.
If you haven't started saving for future higher education expenses, open your tax-advantaged Ohio's 529 Plan! lf you'd like to learn more about the tax-advantaged way to save for college, explore Ohio's 529 Plan - The Plan That Can.
Posted on September 16, 2020
Ohio Tuition Trust Authority