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re: Coverdell vs 529 differences???
Posted on 3/21/15 at 7:43 pm to poochie
Posted on 3/21/15 at 7:43 pm to poochie
look into LA Start
it's a 529 but has a 2-14% match depending on your income, and it also allows a state tax deduction. has to be used for qualified higher education expenses at accredited colleges (anywhere) or 10% penalty on growth applies. don't overfund. but it'll be useful if kid goes to college.
it's a 529 but has a 2-14% match depending on your income, and it also allows a state tax deduction. has to be used for qualified higher education expenses at accredited colleges (anywhere) or 10% penalty on growth applies. don't overfund. but it'll be useful if kid goes to college.
1
Posted on 3/21/15 at 11:00 pm to DanglingFury
My son will begin medical school @ LSU New Orleans in May. He has approx $20,000 available for tuition and other related expenses and is a Louisiana resident. Can he open a LA Start plan as owner and beneficiary with primary purpose of receiving state match? His AGI is negligible.
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