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We invested in a 529 College Bound fund with Alliance Bernstein and have invested religiously every three months as required to this account for the last eight years. Not only do we have to pay a 25$ maintanence fee every year (stupid) but have recently found out that we have to pay 2.5 % on whatever amount we withdrawl for our daughters college tuition! Well that's lame! Now we have to pay to take OUR money out for college! They told us it will go down everytime we make a withdrawl. Makes no sense at all and I will not be recommending 529's to any of our friends.
By Karen
