re: 401k for kid's college tuition

quote:

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You should talk to a financial planner about this but in general using a 401k for college tuition is a terrible idea.

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Terrible idea isn't the word I would use. You have to consider several things.

Up to 10k/year can be distributed from your 401k for qualified upper education expenses regardless of age without penalty.

I'd just set up a 529 direct deposit and be done with it.