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Kid is 5 yrs old. Have $22,000 in her 529. Practically meaningless??

...
heady pearl field pistol
  07/25/15
I put $500 a month in for each of my kids and it feels like ...
Multi-colored institution pisswyrm
  07/25/15
yeah, we put about $750 in. It is a joke
heady pearl field pistol
  07/25/15
There really is no point. Unless you have liquid millions th...
buff stead newt
  07/25/15
well, in 13 years, we will have liquid a couple of million. ...
heady pearl field pistol
  07/25/15
proud of u dood congrats
buff stead newt
  07/25/15
destroying your hopes and dreams for your kids' sake is noth...
heady pearl field pistol
  07/25/15
...
startled slimy really tough guy
  07/25/15
...
Racy lake kitty den
  10/23/15
...
haunting arousing brunch toaster
  03/17/16
Honestly, that's not going to cut it by then.
pungent internet-worthy casino headpube
  07/25/15
Try 500k
Racy lake kitty den
  10/23/15
I am on the fence about contributing to these. On the one ha...
snowy base
  07/25/15
Some states like NY you get a state tax deduction. Also p...
Medicated fishy immigrant
  07/25/15
Of course 529s are bullshit and we should get rid of them. I...
Doobsian Nofapping Nursing Home Digit Ratio
  07/25/15
The logic to it is that college is expensive and you want pa...
self-centered step-uncle's house
  07/25/15
As the evidence in this thread shows, only the extremely ric...
Doobsian Nofapping Nursing Home Digit Ratio
  07/25/15
What is your definition of extremely rich?
Multi-colored institution pisswyrm
  07/25/15
I don't want to get into that debate. There's no income ...
Doobsian Nofapping Nursing Home Digit Ratio
  07/25/15
explain the property tax thing, i don't get it
drab vigorous piazza ladyboy
  07/26/15
Perhaps, but it is the middle class that relies on those tax...
self-centered step-uncle's house
  07/25/15
My point is, when you have no income cap on contributions, i...
Doobsian Nofapping Nursing Home Digit Ratio
  07/25/15
Income cap is senseless because it is really about wealth, n...
self-centered step-uncle's house
  07/25/15
Wealth cap would be better, good luck getting anything relat...
Doobsian Nofapping Nursing Home Digit Ratio
  07/26/15
I'm proud of you. This is good work. Except, don't be a ...
Vibrant hairy legs
  07/26/15
A bunch? We would do like 1 max if we had any.
self-centered step-uncle's house
  07/26/15
Poor people who don't go to college see their taxes raised? ...
Diverse blue stage
  07/25/15
This. 47% is bad politics but...truth hurts.
Vibrant hairy legs
  07/26/15
...
histrionic tan theater stage cuck
  07/26/15
See below. This line of thinking really irritated me. It see...
Doobsian Nofapping Nursing Home Digit Ratio
  07/26/15
Even if you pay literally no income taxes or get a credit, y...
Doobsian Nofapping Nursing Home Digit Ratio
  07/26/15
And why is it okay to boom it up in retirement through IRAs ...
Diverse blue stage
  07/25/15
...
zesty
  01/17/26
By the time your kid goes to college tuition will be complet...
stirring home
  07/25/15
cr. there's going to be a backlash and there's going to be ...
learning disabled odious gaming laptop
  07/25/15
that would be a superb result
heady pearl field pistol
  07/25/15
Why not a UTMA instead of a 529?
Cracking poppy trump supporter
  07/25/15
...
bistre spectacular state
  07/25/15
in 15 yrs college will become completely meaningless and you...
Galvanic Cruel-hearted Corner
  07/25/15
The tax penalty isn't any worse (and I believe is better) th...
Shivering Motley Crackhouse Place Of Business
  03/17/16
My kids will be raised from birth to understand that if they...
Hairraiser Principal's Office Kitty Cat
  07/25/15
part of me respects this POV and part of me believes it is t...
learning disabled odious gaming laptop
  07/25/15
Its the only practical response to the insane cost of colleg...
Hairraiser Principal's Office Kitty Cat
  07/25/15
meh that's not my kid's fault and i'm not going to sit at my...
learning disabled odious gaming laptop
  07/25/15
its not about principles. its about what I can afford. if...
Hairraiser Principal's Office Kitty Cat
  07/25/15
my grandparents put 7 kids through public ivies on one incom...
learning disabled odious gaming laptop
  07/25/15
yeah man, there has totally been no tuition inflation betwee...
Hairraiser Principal's Office Kitty Cat
  07/25/15
it's not as much as you think this particular school had ...
learning disabled odious gaming laptop
  07/25/15
I'd like to see a link showing this $2500 tuition in the 70'...
Insecure parlor shitlib
  07/26/15
shut the fuck up boomer scum
Exhilarant dead tanning salon chad
  07/26/15
look, my point is that we need to avoid the boomers' shittin...
learning disabled odious gaming laptop
  07/26/15
Yes, tell us all about 1980.
Ruby Circlehead Halford
  07/26/15
why dont you have money?
garnet adventurous karate bawdyhouse
  07/26/15
Enlisting in the military is complete flame. No informed hum...
haunting arousing brunch toaster
  07/25/15
Depends. If we are just coming out a major war, enlisting in...
rusted hospital filthpig
  07/26/15
we'll see what tuition looks like when the time comes I'l...
buck-toothed startling jap
  10/23/15
Do colleges consider the money that you have saved up in you...
rusted hospital filthpig
  07/26/15
Yes, but as parent assets
Doobsian Nofapping Nursing Home Digit Ratio
  07/26/15
Explain. Does that affect the free money the kid gets? I don...
rusted hospital filthpig
  07/26/15
You're better off fully funding your retirement first becaus...
Diverse blue stage
  07/26/15
They take a percentage of parent assets (5.6% I believe) and...
Doobsian Nofapping Nursing Home Digit Ratio
  07/26/15
Saying anything is a fucking joke. Don't you pay attention? ...
Swashbuckling Selfie Coldplay Fan
  07/26/15
...
rusted hospital filthpig
  07/26/15
Why bother saving that much money as a UMC parent for your k...
Mewling kitchen boiling water
  07/26/15
How much will big state u cost in 18 years?
Multi-colored institution pisswyrm
  07/26/15
As much as the private schools now
irate idiotic location telephone
  03/16/16
If you make like 200k, you'd damn well better be able to pay...
Painfully honest marvelous regret
  07/26/15
ljl in state tuition at big state u will be $140k/year in 13...
Rough-skinned sinister theatre weed whacker
  07/26/15
Job prospects for each?
Painfully honest marvelous regret
  07/26/15
bigstate: KPMG/PWC accounting t50 private: t25 law school 4...
Anal Ivory Masturbator Library
  10/23/15
why would someone pay that? doesn't it need to have some ...
buck-toothed startling jap
  10/23/15
...
Anal Ivory Masturbator Library
  10/23/15
was thinking about this too. I don't think it's worth puttin...
Anal Ivory Masturbator Library
  10/23/15
I assume there will always be a use for the money. For exam...
Medicated fishy immigrant
  10/23/15
Bothers the fuck out of me too.
Excitant sound barrier
  03/16/16
You: slaving away to put money into your dotters college sav...
pale glittery dysfunction wrinkle
  10/23/15
your child can get a cheap or free STEM education somewhere....
bronze aggressive shrine pervert
  10/23/15
my in-laws faithfully save for my dotter via 529. I let the...
duck-like mildly autistic trust fund
  10/23/15
the hardest STEM subjects to learn are those which benefit t...
startled slimy really tough guy
  03/17/16
Only gains get the 10% penalty if not used for education, so...
supple jew travel guidebook
  03/15/16
One of the many problems with the Northeast is that the stat...
razzle-dazzle claret space
  03/16/16
College 15 years from now should be treated like a PhD progr...
Ruby Circlehead Halford
  03/16/16
I hope you stashed some money in there when the market tanke...
bateful brass abode
  03/16/16
stfu
Coiffed appetizing boltzmann
  03/16/16
gotta love xoxohth
Medicated fishy immigrant
  03/16/16
if higher education isnt 90% abolished in 20 years, we're do...
jade stock car
  03/16/16
all i can say is in | state | tuition
drab vigorous piazza ladyboy
  03/16/16
I'd save up enough to pay for state school. anything past th...
startled slimy really tough guy
  03/17/16
alright your kid is 15 now, how is the 529 going? glad you d...
richard clock
  01/17/26


Poast new message in this thread



Reply Favorite

Date: July 25th, 2015 8:13 PM
Author: heady pearl field pistol



(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411594)



Reply Favorite

Date: July 25th, 2015 8:33 PM
Author: Multi-colored institution pisswyrm

I put $500 a month in for each of my kids and it feels like pissing in the ocean.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411694)



Reply Favorite

Date: July 25th, 2015 8:38 PM
Author: heady pearl field pistol

yeah, we put about $750 in. It is a joke

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411721)



Reply Favorite

Date: July 25th, 2015 8:34 PM
Author: buff stead newt

There really is no point. Unless you have liquid millions they have to go somewhere they can get in for free

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411701)



Reply Favorite

Date: July 25th, 2015 8:39 PM
Author: heady pearl field pistol

well, in 13 years, we will have liquid a couple of million. Hoping to get her 529 up to around $200k by then, and hopefully she gets in Berkeley or UCLA and they aren't much more.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411725)



Reply Favorite

Date: July 25th, 2015 8:39 PM
Author: buff stead newt

proud of u dood congrats

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411729)



Reply Favorite

Date: July 25th, 2015 8:40 PM
Author: heady pearl field pistol

destroying your hopes and dreams for your kids' sake is nothing to congratulate anyone on.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411731)



Reply Favorite

Date: July 25th, 2015 8:41 PM
Author: startled slimy really tough guy



(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411735)



Reply Favorite

Date: October 23rd, 2015 10:36 AM
Author: Racy lake kitty den



(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027717)



Reply Favorite

Date: March 17th, 2016 1:14 AM
Author: haunting arousing brunch toaster



(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30076569)



Reply Favorite

Date: July 25th, 2015 10:08 PM
Author: pungent internet-worthy casino headpube

Honestly, that's not going to cut it by then.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412206)



Reply Favorite

Date: October 23rd, 2015 9:23 AM
Author: Racy lake kitty den

Try 500k

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027383)



Reply Favorite

Date: July 25th, 2015 8:37 PM
Author: snowy base

I am on the fence about contributing to these. On the one hand, I still have a mortgage, want to do home improvements and take vacations and shit rather than throwing money into these accounts. As it stands right now, we max out tax-advantaged accounts and generally save about $30,000 per annum on top of that. I haven't put anything into taxable investments yet (beyond savings accounts) as we have had to replace vehicles and save up for our house down payment. I'm a little mixed on taxable investment accounts anyway for a wage earning family like mine. I really don't know what to do with extra money but a Nevada 529 through Vanguard seems like a black hole unless you've got hundreds of thousands of taxable dollars you need to find a home for.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411718)



Reply Favorite

Date: July 25th, 2015 8:53 PM
Author: Medicated fishy immigrant

Some states like NY you get a state tax deduction.

Also people making over 100k should think about contributing now because the dems have already made clear that they want to get rid of these for "rich" people.

That being said you shouldn't be going into credit card debt or whatnot to fund one of these things.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411783)



Reply Favorite

Date: July 25th, 2015 8:57 PM
Author: Doobsian Nofapping Nursing Home Digit Ratio

Of course 529s are bullshit and we should get rid of them. It has the bizarre effect of granting tax free treatment for expenses people would have paid regardless, then raises taxes on everyone else (poorer people who aren't going to college) to pay for it. There's no logic to it whatsoever.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411805)



Reply Favorite

Date: July 25th, 2015 8:59 PM
Author: self-centered step-uncle's house

The logic to it is that college is expensive and you want parents to pay for it by planning for it in advance rather than leaving kids to graduate with a mortgage worth of debt and a crap job, which will have terrible consequences for the next generation. This accomplishes that. Yes, some would have paid for it anyway, but some would not have.

Plus, few enough intelligent people have kids. Many don't or have fewer kids for financial reasons (I'm in that category myself). Minimizing the likely brewing idiocracy is probably a good idea.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411819)



Reply Favorite

Date: July 25th, 2015 9:04 PM
Author: Doobsian Nofapping Nursing Home Digit Ratio

As the evidence in this thread shows, only the extremely rich come at all close to covering the cost of college with a 529. Other people are paying more in taxes than they get in benefits to subsidize the rich who just run every single school expense through a 529.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411848)



Reply Favorite

Date: July 25th, 2015 9:07 PM
Author: Multi-colored institution pisswyrm

What is your definition of extremely rich?

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411863)



Reply Favorite

Date: July 25th, 2015 9:58 PM
Author: Doobsian Nofapping Nursing Home Digit Ratio

I don't want to get into that debate.

There's no income limit for contributions though. So you have a lot of rich people who use it to run through educational expenses and for estate planning.

Then you have other people who are pinching and saving and think that it's a good thing that this exists because otherwise they could never afford it. That's bullshit, but they just don't understand the overall system. It's the same with property taxes. If you send the poorest homeowner a $100 property tax refund, they will vote for any property tax you want because they don't understand that it's benefiting the "rich" far more.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412152)



Reply Favorite

Date: July 26th, 2015 2:43 AM
Author: drab vigorous piazza ladyboy

explain the property tax thing, i don't get it

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28413640)



Reply Favorite

Date: July 25th, 2015 10:10 PM
Author: self-centered step-uncle's house

Perhaps, but it is the middle class that relies on those tax savings much more.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412217)



Reply Favorite

Date: July 25th, 2015 10:23 PM
Author: Doobsian Nofapping Nursing Home Digit Ratio

My point is, when you have no income cap on contributions, it's a net loser for the middle class too (even though they're using the 529). They just don't realize it. Their other taxes are higher to make for the lost revenue from 529s.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412292)



Reply Favorite

Date: July 25th, 2015 10:24 PM
Author: self-centered step-uncle's house

Income cap is senseless because it is really about wealth, not income. What would you even set it at? $500K+? Most rich people get paid in cap gains so they would be well under that.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412302)



Reply Favorite

Date: July 26th, 2015 10:52 AM
Author: Doobsian Nofapping Nursing Home Digit Ratio

Wealth cap would be better, good luck getting anything related to wealth in the tax code within the next 50 years

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414315)



Reply Favorite

Date: July 26th, 2015 2:18 AM
Author: Vibrant hairy legs

I'm proud of you. This is good work.

Except, don't be a POS. Have a bunch of kids. The dumbs are.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28413543)



Reply Favorite

Date: July 26th, 2015 2:38 AM
Author: self-centered step-uncle's house

A bunch? We would do like 1 max if we had any.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28413627)



Reply Favorite

Date: July 25th, 2015 11:01 PM
Author: Diverse blue stage

Poor people who don't go to college see their taxes raised? What taxes?

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412484)



Reply Favorite

Date: July 26th, 2015 2:20 AM
Author: Vibrant hairy legs

This. 47% is bad politics but...truth hurts.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28413550)



Reply Favorite

Date: July 26th, 2015 2:33 AM
Author: histrionic tan theater stage cuck



(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28413601)



Reply Favorite

Date: July 26th, 2015 10:26 AM
Author: Doobsian Nofapping Nursing Home Digit Ratio

See below. This line of thinking really irritated me. It seemed like cons said "Hey, the truth hurts" and Dems said "But it's mean!"

People who actually understand taxes don't care that it's mean. It was just a stupid statement and dead wrong. (That's without even getting into the insanity of someone making that statement who was born wealthy then made a fortune in PE on the back of carried interest).

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414257)



Reply Favorite

Date: July 26th, 2015 10:15 AM
Author: Doobsian Nofapping Nursing Home Digit Ratio

Even if you pay literally no income taxes or get a credit, you still pay net taxes in property taxes (through rent or directly) and sales tax. Credit is designed to offset payroll taxes.

Plus, use taxes, gas tax, vehicle registration fees.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414233)



Reply Favorite

Date: July 25th, 2015 11:02 PM
Author: Diverse blue stage

And why is it okay to boom it up in retirement through IRAs and 401(k)s, but 529s are somehow bad?

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412491)



Reply Favorite

Date: January 17th, 2026 5:20 PM
Author: zesty



(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#49597166)



Reply Favorite

Date: July 25th, 2015 8:57 PM
Author: stirring home

By the time your kid goes to college tuition will be completely different. Don't be surprised if Harvard just changes its tuition to "whatever is in your parents 529 account plus 15k"

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28411803)



Reply Favorite

Date: July 25th, 2015 10:25 PM
Author: learning disabled odious gaming laptop

cr. there's going to be a backlash and there's going to be tuition-limiting legislation in the next 15-20 years.

the BERKELEY TO 90K A YEAR crowd is being silly.

i still have my wife's unused 529 and i'm funding my kid's. it will be easy to take advantage of the shitlibbery.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412306)



Reply Favorite

Date: July 25th, 2015 10:26 PM
Author: heady pearl field pistol

that would be a superb result

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412312)



Reply Favorite

Date: July 25th, 2015 10:02 PM
Author: Cracking poppy trump supporter

Why not a UTMA instead of a 529?

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412175)



Reply Favorite

Date: July 25th, 2015 10:46 PM
Author: bistre spectacular state



(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412415)



Reply Favorite

Date: July 25th, 2015 10:51 PM
Author: Galvanic Cruel-hearted Corner

in 15 yrs college will become completely meaningless and you'll have to cash out with a tax penalty

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412431)



Reply Favorite

Date: March 17th, 2016 12:36 AM
Author: Shivering Motley Crackhouse Place Of Business

The tax penalty isn't any worse (and I believe is better) than cashing out a Roth or something.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30076301)



Reply Favorite

Date: July 25th, 2015 11:41 PM
Author: Hairraiser Principal's Office Kitty Cat

My kids will be raised from birth to understand that if they don't earn a scholarship somewhere, they will need to go to community college or join the military because I ain't paying sticker for anything.

If I do end up saving something in a 529, it won't be enough to cover full freight anywhere, and it will be a backup plan for if they just get like 50% scholarship somewhere.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412744)



Reply Favorite

Date: July 25th, 2015 11:46 PM
Author: learning disabled odious gaming laptop

part of me respects this POV and part of me believes it is the epitome of boomer proledom

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412788)



Reply Favorite

Date: July 25th, 2015 11:46 PM
Author: Hairraiser Principal's Office Kitty Cat

Its the only practical response to the insane cost of college.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412791)



Reply Favorite

Date: July 25th, 2015 11:48 PM
Author: learning disabled odious gaming laptop

meh that's not my kid's fault and i'm not going to sit at my beach house drinking a cocktail going "heh" while my kid is cannon fodder because of THE PRINCIPLES

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412801)



Reply Favorite

Date: July 25th, 2015 11:49 PM
Author: Hairraiser Principal's Office Kitty Cat

its not about principles. its about what I can afford.

if I had a lot of money I would pay all my kids expenses plus give them a trust fund. the issue is I don't have a lot of money, so I can either live in abject poverty while saving for a $200,000 college degree, or I can give my kid a decent life for their first 18 years and then hope they're smart enough to earn a free ride somewhere

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412817)



Reply Favorite

Date: July 25th, 2015 11:52 PM
Author: learning disabled odious gaming laptop

my grandparents put 7 kids through public ivies on one income. it's about priorities.

and if you can't scramble up $200k 20 years from now through home equity or other loans even then you have real financial problems

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412844)



Reply Favorite

Date: July 25th, 2015 11:53 PM
Author: Hairraiser Principal's Office Kitty Cat

yeah man, there has totally been no tuition inflation between now and your grandparents time

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412856)



Reply Favorite

Date: July 25th, 2015 11:57 PM
Author: learning disabled odious gaming laptop

it's not as much as you think

this particular school had ~$2500/year in-state tuition in the 70s. that's ~$12000 in 2015 dollars. it's now ~$28000. so it definitely has more than doubled, but it's not like it's 10X or something.

and my grandparents did it 7X.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412895)



Reply Favorite

Date: July 26th, 2015 10:33 AM
Author: Insecure parlor shitlib

I'd like to see a link showing this $2500 tuition in the 70's.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414267)



Reply Favorite

Date: July 26th, 2015 2:24 AM
Author: Exhilarant dead tanning salon chad

shut the fuck up boomer scum

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28413557)



Reply Favorite

Date: July 26th, 2015 10:29 AM
Author: learning disabled odious gaming laptop

look, my point is that we need to avoid the boomers' shittiness. i.e. not buy 80k cars and houses in the Hamptons and then tell our kids "hey bro, community college or basic training! peace!"

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414261)



Reply Favorite

Date: July 26th, 2015 2:49 AM
Author: Ruby Circlehead Halford

Yes, tell us all about 1980.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28413662)



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Date: July 26th, 2015 6:25 PM
Author: garnet adventurous karate bawdyhouse

why dont you have money?

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28416815)



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Date: July 25th, 2015 11:58 PM
Author: haunting arousing brunch toaster

Enlisting in the military is complete flame. No informed human being who loves their children would do that.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28412908)



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Date: July 26th, 2015 11:06 AM
Author: rusted hospital filthpig

Depends. If we are just coming out a major war, enlisting in the military is credited because there isn't likely to be another war during your period of enlistment. On the other hand enlisting right when a NeoCon dumbass gets elected after a decade of shitlib rule: pepper angus.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414366)



Reply Favorite

Date: October 23rd, 2015 10:40 AM
Author: buck-toothed startling jap

we'll see what tuition looks like when the time comes

I'll probably bribe my kids to take the biggest scholarship they can get at a state school

I'd rather just give my kids straight cash than throw it at the anything but a hypsmc type place

let them figure out something enterprising to do with it

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027737)



Reply Favorite

Date: July 26th, 2015 11:07 AM
Author: rusted hospital filthpig

Do colleges consider the money that you have saved up in your 529s when determining how much grant/aid to provide?

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414370)



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Date: July 26th, 2015 11:09 AM
Author: Doobsian Nofapping Nursing Home Digit Ratio

Yes, but as parent assets

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414380)



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Date: July 26th, 2015 11:11 AM
Author: rusted hospital filthpig

Explain. Does that affect the free money the kid gets? I don't understand the difference between parent assets and child assets for this purpose.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414389)



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Date: July 26th, 2015 11:14 AM
Author: Diverse blue stage

You're better off fully funding your retirement first because the 529 assets are considered parent assets for financial aid. Retirement funds aren't.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414398)



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Date: July 26th, 2015 11:15 AM
Author: Doobsian Nofapping Nursing Home Digit Ratio

They take a percentage of parent assets (5.6% I believe) and assume that portion can be spent on college costs. Child assets are going to get a higher percent applied to them (20 I believe)

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414403)



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Date: July 26th, 2015 11:51 AM
Author: Swashbuckling Selfie Coldplay Fan

Saying anything is a fucking joke. Don't you pay attention? Everyone gets bailed out at some point. You're a fucking idiot if you're financially responsible going to cheap schools and buying a house you can afford and shit. LOL at you

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28414570)



Reply Favorite

Date: July 26th, 2015 6:13 PM
Author: rusted hospital filthpig



(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28416741)



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Date: July 26th, 2015 6:24 PM
Author: Mewling kitchen boiling water

Why bother saving that much money as a UMC parent for your kid to go to Bucknell or Tufts or some shit middling college that costs 200K+? Just send them to the local CC and transfer to the state flagship or get a scholarship.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28416806)



Reply Favorite

Date: July 26th, 2015 7:50 PM
Author: Multi-colored institution pisswyrm

How much will big state u cost in 18 years?

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28417202)



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Date: March 16th, 2016 7:25 PM
Author: irate idiotic location telephone

As much as the private schools now

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30073700)



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Date: July 26th, 2015 7:36 PM
Author: Painfully honest marvelous regret

If you make like 200k, you'd damn well better be able to pay cash because your kids aren't getting a dime of tuition assistance outside of loans. This is part of why having kids is a cruel joke for the upper middle class

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28417114)



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Date: July 26th, 2015 8:47 PM
Author: Rough-skinned sinister theatre weed whacker

ljl in state tuition at big state u will be $140k/year in 13 years

a top 50 private school will set you back $370k/year

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28417468)



Reply Favorite

Date: July 26th, 2015 8:54 PM
Author: Painfully honest marvelous regret

Job prospects for each?

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#28417499)



Reply Favorite

Date: October 23rd, 2015 9:31 AM
Author: Anal Ivory Masturbator Library

bigstate: KPMG/PWC accounting

t50 private: t25 law school 400k debt -> NOJERB

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027414)



Reply Favorite

Date: October 23rd, 2015 10:42 AM
Author: buck-toothed startling jap

why would someone pay that?

doesn't it need to have some connection with an expected ROI?

seems like we're well past a reasonable expected ROI now

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027747)



Reply Favorite

Date: October 23rd, 2015 10:57 AM
Author: Anal Ivory Masturbator Library



(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027822)



Reply Favorite

Date: October 23rd, 2015 9:19 AM
Author: Anal Ivory Masturbator Library

was thinking about this too. I don't think it's worth putting a dime in one. College tuition rates way outpace inflation. There's going to be a reckoning and shit's going to hit the fan sooner rather than later. No one can afford what tuition is going to be in 10 years.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027373)



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Date: October 23rd, 2015 9:51 AM
Author: Medicated fishy immigrant

I assume there will always be a use for the money. For example I think you can use it to pay for school books and some room and board.

Also the penalty for removing assets from a 529 is 10%. You have to pay income tax on the gains. It might all be fine given that you had tax deferral on the gains.

What I hate about our tax system is there are all of these guessing games we are expecting the average joe to make with no information. Roth or traditional IRA / 401k? How much to put in my flex account this year? Oh but the dependent flex account has different rules than the normal flex account? Oh what about the transit account - that's completely different! And if you make a mistake the tax consequences are tremendous. The tax code shouldn't force you to make decisions which are basically gambling.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027497)



Reply Favorite

Date: March 16th, 2016 12:02 AM
Author: Excitant sound barrier

Bothers the fuck out of me too.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30068198)



Reply Favorite

Date: October 23rd, 2015 9:28 AM
Author: pale glittery dysfunction wrinkle

You: slaving away to put money into your dotters college savings plan.

Her: Taking 9 inches of Darnell's cock "hehe stop my dad is calling"

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027409)



Reply Favorite

Date: October 23rd, 2015 10:05 AM
Author: bronze aggressive shrine pervert

your child can get a cheap or free STEM education somewhere. maybe even distance learning with the rise of the MOOC. don't waste your money

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027559)



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Date: October 23rd, 2015 10:08 AM
Author: duck-like mildly autistic trust fund

my in-laws faithfully save for my dotter via 529. I let them because it may come in handy, but I think education will be a very different enterprise in 17 or so years.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#29027577)



Reply Favorite

Date: March 17th, 2016 12:04 AM
Author: startled slimy really tough guy

the hardest STEM subjects to learn are those which benefit the most from IRL feedback and projects. good fucking luck autodidacting electrical engineering through a MOOC. not to mention it takes an enormous amount of self discipline to sit in front of a computer and teach yourself something difficult.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30076019)



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Date: March 15th, 2016 11:47 PM
Author: supple jew travel guidebook

Only gains get the 10% penalty if not used for education, so who gives a shit.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30068068)



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Date: March 16th, 2016 12:25 AM
Author: razzle-dazzle claret space

One of the many problems with the Northeast is that the state universities aren't well respected. If I have children, I would love to have them go to the Ivies, but if they can't get in, a chill Southern ACC or SEC school is a reasonable option, and some place like Emory or Wake Forest would be hard to justify, at least financially. By contrast, someone in the Northeast who is choosing between Syracuse and UMass seems to have a tougher call to make.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30068419)



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Date: March 16th, 2016 12:58 AM
Author: Ruby Circlehead Halford

College 15 years from now should be treated like a PhD program. If you can't go for free, you shouldn't be going.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30068671)



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Date: March 16th, 2016 7:03 PM
Author: bateful brass abode

I hope you stashed some money in there when the market tanked. I stashed away $50k when s&p hit 1850.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30073544)



Reply Favorite

Date: March 16th, 2016 7:32 PM
Author: Coiffed appetizing boltzmann

stfu

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30073767)



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Date: March 16th, 2016 7:56 PM
Author: Medicated fishy immigrant

gotta love xoxohth

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30073946)



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Date: March 16th, 2016 7:39 PM
Author: jade stock car

if higher education isnt 90% abolished in 20 years, we're doing it wrong in this country

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30073838)



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Date: March 16th, 2016 11:58 PM
Author: drab vigorous piazza ladyboy

all i can say is

in | state | tuition

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30075988)



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Date: March 17th, 2016 12:05 AM
Author: startled slimy really tough guy

I'd save up enough to pay for state school. anything past that and they can pay unless they get in to MIT.

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#30076029)



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Date: January 17th, 2026 5:21 PM
Author: richard clock

alright your kid is 15 now, how is the 529 going? glad you did it?

(http://www.autoadmit.com/thread.php?thread_id=2945918&forum_id=2.#49597171)