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

...
Arrogant marvelous pisswyrm
  07/25/15
I put $500 a month in for each of my kids and it feels like ...
soggy fat ankles
  07/25/15
yeah, we put about $750 in. It is a joke
Arrogant marvelous pisswyrm
  07/25/15
There really is no point. Unless you have liquid millions th...
Blue sweet tailpipe gay wizard
  07/25/15
well, in 13 years, we will have liquid a couple of million. ...
Arrogant marvelous pisswyrm
  07/25/15
proud of u dood congrats
Blue sweet tailpipe gay wizard
  07/25/15
destroying your hopes and dreams for your kids' sake is noth...
Arrogant marvelous pisswyrm
  07/25/15
...
Rough-skinned Pocket Flask
  07/25/15
...
Arousing Hairy Legs Corn Cake
  10/23/15
...
translucent stimulating national security agency mad-dog skullcap
  03/17/16
Honestly, that's not going to cut it by then.
Lilac Rebellious New Version
  07/25/15
Try 500k
Arousing Hairy Legs Corn Cake
  10/23/15
I am on the fence about contributing to these. On the one ha...
embarrassed to the bone turdskin national
  07/25/15
Some states like NY you get a state tax deduction. Also p...
provocative den black woman
  07/25/15
Of course 529s are bullshit and we should get rid of them. I...
swashbuckling bistre idea he suggested
  07/25/15
The logic to it is that college is expensive and you want pa...
trip nofapping garrison becky
  07/25/15
As the evidence in this thread shows, only the extremely ric...
swashbuckling bistre idea he suggested
  07/25/15
What is your definition of extremely rich?
soggy fat ankles
  07/25/15
I don't want to get into that debate. There's no income ...
swashbuckling bistre idea he suggested
  07/25/15
explain the property tax thing, i don't get it
tan boyish rehab puppy
  07/26/15
Perhaps, but it is the middle class that relies on those tax...
trip nofapping garrison becky
  07/25/15
My point is, when you have no income cap on contributions, i...
swashbuckling bistre idea he suggested
  07/25/15
Income cap is senseless because it is really about wealth, n...
trip nofapping garrison becky
  07/25/15
Wealth cap would be better, good luck getting anything relat...
swashbuckling bistre idea he suggested
  07/26/15
I'm proud of you. This is good work. Except, don't be a ...
Crusty people who are hurt native
  07/26/15
A bunch? We would do like 1 max if we had any.
trip nofapping garrison becky
  07/26/15
Poor people who don't go to college see their taxes raised? ...
Nubile hospital old irish cottage
  07/25/15
This. 47% is bad politics but...truth hurts.
Crusty people who are hurt native
  07/26/15
...
racy wine site newt
  07/26/15
See below. This line of thinking really irritated me. It see...
swashbuckling bistre idea he suggested
  07/26/15
Even if you pay literally no income taxes or get a credit, y...
swashbuckling bistre idea he suggested
  07/26/15
And why is it okay to boom it up in retirement through IRAs ...
Nubile hospital old irish cottage
  07/25/15
...
godawful base twinkling uncleanness
  01/17/26
By the time your kid goes to college tuition will be complet...
dark gas station associate
  07/25/15
cr. there's going to be a backlash and there's going to be ...
titillating ticket booth
  07/25/15
that would be a superb result
Arrogant marvelous pisswyrm
  07/25/15
Why not a UTMA instead of a 529?
Talented sable sneaky criminal
  07/25/15
...
laughsome mediation
  07/25/15
in 15 yrs college will become completely meaningless and you...
Exciting angry sanctuary party of the first part
  07/25/15
The tax penalty isn't any worse (and I believe is better) th...
Mahogany lascivious box office death wish
  03/17/16
My kids will be raised from birth to understand that if they...
bronze institution
  07/25/15
part of me respects this POV and part of me believes it is t...
titillating ticket booth
  07/25/15
Its the only practical response to the insane cost of colleg...
bronze institution
  07/25/15
meh that's not my kid's fault and i'm not going to sit at my...
titillating ticket booth
  07/25/15
its not about principles. its about what I can afford. if...
bronze institution
  07/25/15
my grandparents put 7 kids through public ivies on one incom...
titillating ticket booth
  07/25/15
yeah man, there has totally been no tuition inflation betwee...
bronze institution
  07/25/15
it's not as much as you think this particular school had ...
titillating ticket booth
  07/25/15
I'd like to see a link showing this $2500 tuition in the 70'...
Kink-friendly principal's office
  07/26/15
shut the fuck up boomer scum
Effete buck-toothed fortuitous meteor theatre
  07/26/15
look, my point is that we need to avoid the boomers' shittin...
titillating ticket booth
  07/26/15
Yes, tell us all about 1980.
Flatulent circlehead half-breed
  07/26/15
why dont you have money?
Cruel-hearted public bath feces
  07/26/15
Enlisting in the military is complete flame. No informed hum...
translucent stimulating national security agency mad-dog skullcap
  07/25/15
Depends. If we are just coming out a major war, enlisting in...
anal lodge personal credit line
  07/26/15
we'll see what tuition looks like when the time comes I'l...
Aphrodisiac Fishy Trailer Park Hissy Fit
  10/23/15
Do colleges consider the money that you have saved up in you...
anal lodge personal credit line
  07/26/15
Yes, but as parent assets
swashbuckling bistre idea he suggested
  07/26/15
Explain. Does that affect the free money the kid gets? I don...
anal lodge personal credit line
  07/26/15
You're better off fully funding your retirement first becaus...
Nubile hospital old irish cottage
  07/26/15
They take a percentage of parent assets (5.6% I believe) and...
swashbuckling bistre idea he suggested
  07/26/15
Saying anything is a fucking joke. Don't you pay attention? ...
Crimson curious theater stage affirmative action
  07/26/15
...
anal lodge personal credit line
  07/26/15
Why bother saving that much money as a UMC parent for your k...
Cyan boistinker
  07/26/15
How much will big state u cost in 18 years?
soggy fat ankles
  07/26/15
As much as the private schools now
painfully honest haunted graveyard temple
  03/16/16
If you make like 200k, you'd damn well better be able to pay...
Bat shit crazy library dopamine
  07/26/15
ljl in state tuition at big state u will be $140k/year in 13...
Beady-eyed jap
  07/26/15
Job prospects for each?
Bat shit crazy library dopamine
  07/26/15
bigstate: KPMG/PWC accounting t50 private: t25 law school 4...
yellow senate
  10/23/15
why would someone pay that? doesn't it need to have some ...
Aphrodisiac Fishy Trailer Park Hissy Fit
  10/23/15
...
yellow senate
  10/23/15
was thinking about this too. I don't think it's worth puttin...
yellow senate
  10/23/15
I assume there will always be a use for the money. For exam...
provocative den black woman
  10/23/15
Bothers the fuck out of me too.
concupiscible heaven gaping
  03/16/16
You: slaving away to put money into your dotters college sav...
Dashing well-lubricated tattoo internal respiration
  10/23/15
your child can get a cheap or free STEM education somewhere....
Transparent locale toaster
  10/23/15
my in-laws faithfully save for my dotter via 529. I let the...
mint flickering degenerate state
  10/23/15
the hardest STEM subjects to learn are those which benefit t...
Rough-skinned Pocket Flask
  03/17/16
Only gains get the 10% penalty if not used for education, so...
Multi-colored gunner messiness
  03/15/16
One of the many problems with the Northeast is that the stat...
salmon pit gaming laptop
  03/16/16
College 15 years from now should be treated like a PhD progr...
Flatulent circlehead half-breed
  03/16/16
I hope you stashed some money in there when the market tanke...
slate useless brakes meetinghouse
  03/16/16
stfu
Sadistic idiot shrine
  03/16/16
gotta love xoxohth
provocative den black woman
  03/16/16
if higher education isnt 90% abolished in 20 years, we're do...
Diverse orchid range electric furnace
  03/16/16
all i can say is in | state | tuition
tan boyish rehab puppy
  03/16/16
I'd save up enough to pay for state school. anything past th...
Rough-skinned Pocket Flask
  03/17/16
alright your kid is 15 now, how is the 529 going? glad you d...
Soul-stirring Amethyst Orchestra Pit
  01/17/26


Poast new message in this thread



Reply Favorite

Date: July 25th, 2015 8:13 PM
Author: Arrogant marvelous pisswyrm



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



Reply Favorite

Date: July 25th, 2015 8:33 PM
Author: soggy fat ankles

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: Arrogant marvelous pisswyrm

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: Blue sweet tailpipe gay wizard

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: Arrogant marvelous pisswyrm

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: Blue sweet tailpipe gay wizard

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: Arrogant marvelous pisswyrm

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: Rough-skinned Pocket Flask



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



Reply Favorite

Date: October 23rd, 2015 10:36 AM
Author: Arousing Hairy Legs Corn Cake



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



Reply Favorite

Date: March 17th, 2016 1:14 AM
Author: translucent stimulating national security agency mad-dog skullcap



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



Reply Favorite

Date: July 25th, 2015 10:08 PM
Author: Lilac Rebellious New Version

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: Arousing Hairy Legs Corn Cake

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: embarrassed to the bone turdskin national

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: provocative den black woman

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: swashbuckling bistre idea he suggested

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: trip nofapping garrison becky

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: swashbuckling bistre idea he suggested

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: soggy fat ankles

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: swashbuckling bistre idea he suggested

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: tan boyish rehab puppy

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: trip nofapping garrison becky

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: swashbuckling bistre idea he suggested

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: trip nofapping garrison becky

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: swashbuckling bistre idea he suggested

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: Crusty people who are hurt native

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: trip nofapping garrison becky

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: Nubile hospital old irish cottage

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: Crusty people who are hurt native

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: racy wine site newt



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



Reply Favorite

Date: July 26th, 2015 10:26 AM
Author: swashbuckling bistre idea he suggested

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: swashbuckling bistre idea he suggested

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: Nubile hospital old irish cottage

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: godawful base twinkling uncleanness



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



Reply Favorite

Date: July 25th, 2015 8:57 PM
Author: dark gas station associate

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: titillating ticket booth

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: Arrogant marvelous pisswyrm

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: Talented sable sneaky criminal

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: laughsome mediation



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



Reply Favorite

Date: July 25th, 2015 10:51 PM
Author: Exciting angry sanctuary party of the first part

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: Mahogany lascivious box office death wish

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: bronze institution

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: titillating ticket booth

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: bronze institution

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: titillating ticket booth

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: bronze institution

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: titillating ticket booth

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: bronze institution

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: titillating ticket booth

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: Kink-friendly principal's office

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: Effete buck-toothed fortuitous meteor theatre

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: titillating ticket booth

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: Flatulent circlehead half-breed

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: Cruel-hearted public bath feces

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: translucent stimulating national security agency mad-dog skullcap

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: anal lodge personal credit line

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)



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Date: October 23rd, 2015 10:40 AM
Author: Aphrodisiac Fishy Trailer Park Hissy Fit

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)



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Date: July 26th, 2015 11:07 AM
Author: anal lodge personal credit line

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: swashbuckling bistre idea he suggested

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: anal lodge personal credit line

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: Nubile hospital old irish cottage

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: swashbuckling bistre idea he suggested

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: Crimson curious theater stage affirmative action

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)



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Date: July 26th, 2015 6:13 PM
Author: anal lodge personal credit line



(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: Cyan boistinker

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)



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Date: July 26th, 2015 7:50 PM
Author: soggy fat ankles

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: painfully honest haunted graveyard temple

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: Bat shit crazy library dopamine

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: Beady-eyed jap

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)



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Date: July 26th, 2015 8:54 PM
Author: Bat shit crazy library dopamine

Job prospects for each?

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



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Date: October 23rd, 2015 9:31 AM
Author: yellow senate

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)



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Date: October 23rd, 2015 10:42 AM
Author: Aphrodisiac Fishy Trailer Park Hissy Fit

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)



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Date: October 23rd, 2015 10:57 AM
Author: yellow senate



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



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Date: October 23rd, 2015 9:19 AM
Author: yellow senate

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: provocative den black woman

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)



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Date: March 16th, 2016 12:02 AM
Author: concupiscible heaven gaping

Bothers the fuck out of me too.

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



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Date: October 23rd, 2015 9:28 AM
Author: Dashing well-lubricated tattoo internal respiration

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)



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Date: October 23rd, 2015 10:05 AM
Author: Transparent locale toaster

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: mint flickering degenerate state

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)



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Date: March 17th, 2016 12:04 AM
Author: Rough-skinned Pocket Flask

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: Multi-colored gunner messiness

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: salmon pit gaming laptop

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: Flatulent circlehead half-breed

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: slate useless brakes meetinghouse

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)



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Date: March 16th, 2016 7:32 PM
Author: Sadistic idiot shrine

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: provocative den black woman

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: Diverse orchid range electric furnace

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: tan boyish rehab puppy

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: Rough-skinned Pocket Flask

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: Soul-stirring Amethyst Orchestra Pit

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)