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Is it still worth investing in a 529?
| Paralegal Mohammad | 04/01/25 |
| scrivener's error | 04/01/25 |
| Paralegal Mohammad | 04/01/25 |
| Paralegal Mohammad | 04/01/25 |
| shitlib shibboleth | 04/01/25 |
| Paralegal Mohammad | 04/01/25 |
Poast new message in this thread
Date: April 1st, 2025 4:40 PM Author: Paralegal Mohammad I know college is a scam blah blah but the $35k ROTH conversion option is nice, gives them a huge leg up on retirement. (http://www.autoadmit.com/thread.php?thread_id=5703246&forum_id=2Elisa#48803975) |
Date: April 1st, 2025 4:46 PM Author: scrivener's error Probably, but depends on how the money would be invested alternatively.
If the alternative is you spending more money on useless GC shit, 529 100% worth it.
If the alternative is you buying real estate that you'll refinance to pay for college, then a 529 may not be worth it. |
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Date: April 1st, 2025 5:08 PM Author: Paralegal Mohammad (http://www.autoadmit.com/thread.php?thread_id=5703246&forum_id=2Elisa#48804085) |
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Date: April 1st, 2025 6:28 PM Author: Paralegal Mohammad (http://www.autoadmit.com/thread.php?thread_id=5703246&forum_id=2Elisa#48804331) |
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Date: April 1st, 2025 6:33 PM Author: shitlib shibboleth It may depend on your state. I can deduct $10K of contributions from NY tax. So definitely worth it. You also can use it on pre-college school now too. (http://www.autoadmit.com/thread.php?thread_id=5703246&forum_id=2Elisa#48804344) |
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Date: April 1st, 2025 6:35 PM Author: Paralegal Mohammad CA so nothing. I just have $45k of i-bonds sitting there earning a paltry rate at the moment, want to put it somewhere more productive. I already have $120k in their 529s. (http://www.autoadmit.com/thread.php?thread_id=5703246&forum_id=2Elisa#48804347) |