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re: kid starting kindergarden in 4 weeks

Posted on 7/22/14 at 7:43 am to
Posted by lsufan1971
Zachary
Member since Nov 2003
18530 posts
Posted on 7/22/14 at 7:43 am to
After you pay off the CC debt put some of it in a 529 plan.
Posted by yellowfin
Coastal Bar
Member since May 2006
97817 posts
Posted on 7/22/14 at 8:13 am to
quote:

After you pay off the CC debt put some of it in a 529 plan.



This is a good idea if you aren't paying for a private education you may as well use the opportunity to put away money for college.


I wouldn't be worried about paying down debt at 2.9%
Posted by vuvuzela
Oregon
Member since Jun 2010
14663 posts
Posted on 7/22/14 at 8:17 am to
quote:

529 plan.


Sort of a tangent here, but does anyone use the CollegeCounts 529 Visa Card? I'm considering it over my discover card due to the 1.5% cashback directly into the fund. I am curious about taxes though, say my daughter gets a full scholarship, what happens to the fund as far taxes are concerned if that money is no longer needed?

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