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re: Savings Plan for Children - 529 vs. Other Options
Posted on 2/28/24 at 2:43 pm to LSUBlake11
Posted on 2/28/24 at 2:43 pm to LSUBlake11
529 now that you can roll excess into an IRA. We do $100 per month each for both kids.
They make about 2-300 a year from their grandparents for holidays and birthdays. That money goes into their savings accounts.
They make about 2-300 a year from their grandparents for holidays and birthdays. That money goes into their savings accounts.
1
Posted on 2/28/24 at 7:28 pm to TheBoo
I’m in process of “maxing” 529 this year to create a nest egg to grow for the next decade+. 529 gives some tax advantages on growth and I could always remove the principle if I needed for some unforeseen reason.
I expect college to cost $200K+ so planning accordingly.
I expect college to cost $200K+ so planning accordingly.
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