ForSale, I think you’re right about the withdrawals being exempt from taxation no matter where, but I’ll check. I don’t exactly follow the numbers from your post. Are they comparing the two plans you have listed? Are both of those plans in Nevada?
Ray, all of my family is here, so I don’t know that there’s any advantage to having my mother open the account in her name (except that my son can have two accounts???). I guess I’m one of the rare breed of people who was born and raised in California.
I think I’m still leaning towards Utah, but I’ll have to check on the creditor protection piece.
One of my big overall concerns is this — what if I save too much in the account? Is the penalty worth it?
