Started By
Message

re: 529 College Savings Plan

Posted on 1/26/10 at 10:30 am to
Posted by BBONDS25
Member since Mar 2008
57214 posts
Posted on 1/26/10 at 10:30 am to
(no message)
This post was edited on 8/28/11 at 10:57 am
Posted by Broke
AKA Buttercup
Member since Sep 2006
65359 posts
Posted on 1/26/10 at 10:55 am to
quote:

And the beneficiary designation is transferable to anyone in the family....cousins included...and it can be transferred whenever and as many times as you want.


I smell a broker.
Posted by BBONDS25
Member since Mar 2008
57214 posts
Posted on 1/26/10 at 3:18 pm to
(no message)
This post was edited on 8/28/11 at 10:58 am
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15344 posts
Posted on 1/26/10 at 3:26 pm to
quote:

I plan on those kids getting full rides, transferring the 529 to me and going to golf school. Otherwise my kids will get the money along with a "Daddy is disappointed in you" speech.
I don't see how "the kid might get a full ride so you won't get to spend it" is considered a negative in this scenario. That's like saying "I paid all this money for fire insurance. I sure hope my house catches on fire so it won't be wasted!"
Posted by BBONDS25
Member since Mar 2008
57214 posts
Posted on 1/26/10 at 3:30 pm to
(no message)
This post was edited on 8/28/11 at 10:59 am
Posted by Cash
Vail
Member since Feb 2005
37594 posts
Posted on 1/26/10 at 3:31 pm to
quote:

gets in trouble for falsifying his facts every few years.


How so?

I'm not doubting you, I really want to know.
Posted by Cash
Vail
Member since Feb 2005
37594 posts
Posted on 1/26/10 at 3:32 pm to
quote:

In case anyone was wondering, Dave Ramsey isn't a big fan of 529's




Did you hear him say why?


Mainly because they are run by the state(usually) and have limited investment options.
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15344 posts
Posted on 1/26/10 at 3:32 pm to
I'm agreeing with you man. It's so simple it's brilliant.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
76425 posts
Posted on 1/26/10 at 3:42 pm to
quote:

How so?

I'm not doubting you, I really want to know.


don't feel like googling right now, but one of the bigger ones was about making up situations in his column and making it seem like people were writing in. there was something else about him having staffers call in with praise and having them pose as reformed followers.

I really don't care about him lying, but I think the problem was that he was basically running an infomercial from his column/radio show and not giving the disclaimers.
Posted by Cash
Vail
Member since Feb 2005
37594 posts
Posted on 1/26/10 at 3:50 pm to
I listen to his show sometimes in the car(I drive alot for work). The show can be entertaining when they are not talking football on ESPN. I have never read any of this books or taken any classes.

All in all I agree with most things he says, yes it is simple and should be common sense. My biggest gripe with him is, IMO, he far over states the historical and expected future performance of the stock market and actively managed mutual funds.
This post was edited on 1/26/10 at 3:51 pm
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
76425 posts
Posted on 1/26/10 at 4:01 pm to
quote:

All in all I agree with most things he says, yes it is simple and should be common sense.


that is what I don't get, he is profiting by telling idiots common sense moves and they worship him for it.

I wouldn't listen to him on investing crap because basically his forms of getting rich are really just a type of con game (see latest form listed above).
first pageprev pagePage 2 of 2Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram