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Message
re: Saving for my kids college
Posted on 4/9/13 at 7:36 am to keeton350
Posted on 4/9/13 at 7:36 am to keeton350
Fully research IRS Code Sec. 529 law before consideration. Understand risk of investments you choose combined with coordination of assets entrusted in your children's names to FAFSA filing. I do not use any government established tax law "savings plans" for this or any of my future savings desires.
3
Posted on 4/9/13 at 8:55 am to BestBanker
quote:
I do not use any government established tax law "savings plans" for this or any of my future savings desires.
Posted on 4/9/13 at 8:56 am to BestBanker
quote:
I do not use any government established tax law "savings plans" for this or any of my future savings desires.
why not ?
Posted on 4/9/13 at 9:47 am to BestBanker
quote:
BestBanker
OP:
Default answer will be a 529 plan. I would consider putting that money in a Roth instead if you are eligible and not already maxing those out. $5200/year may not end up being needed for college and the Roth will give you more flexibility down the line ie. you can use it in retirement instead.
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