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re: Savings Plan for Children - 529 vs. Other Options
Posted on 2/28/24 at 8:54 am to Civildawg
Posted on 2/28/24 at 8:54 am to Civildawg
quote:
I'm curious why you would hate tax free growth in a 529? I've been meaning to set one up for my child thinking it was a no brained, but now you have me intrigued on why I should not
It’s purely a preference thing. He values freedom and flexibility over the restrictions of a 529. But as mentioned, 529 is a tax free vehicle while also tax deductible.
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