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If you don’t need the money right away, keeping your money in the 529 plan until the market recovers and you can recoup your losses is a good option, says Autumn Knutson, founder of Tulsa, ...
However, there are also a few drawbacks. If you pull the money for non-educational expenses, you'll pay income tax plus a 10% ...
Set up those 529 accounts tomorrow. Assuming you share these grandchildren, it's more likely that you and your wife will be on the same page regarding your grandchildren's education.
But since they already have a fair amount of money in a 529 plan, they may want to branch out and put their remaining college savings elsewhere. One option to consider is a taxable brokerage account.
We are thinking of setting up 529 accounts for each grandchild, who are now in the 8th, 9th and 11th grades. Should I do so now? My wife and I want to do what is best for our grandchildren.
All 529 plan investors receive some tax benefits for education savings, making these accounts generally preferable to taxable alternatives. However, the value of those benefits varies by factors ...
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‘I’m not wildly wealthy, but I’ve done well’: I’m 79 and have $3 million in assets. Should I set up 529 plans for my grandkids? - MSNWe are thinking of setting up 529 accounts for each grandchild, who are now in the 8th, 9th and 11th grades. Should I do so now? My wife and I want to do what is best for our grandchildren.
If you have kids, it is never too early to start thinking about how you will pay for college. A 529 account can help you jump ...
If you have kids, it is never too early to start thinking about how you will pay for college. A 529 account can help you jump-start that savings.
One option to consider is a taxable brokerage account. The money in there won't grow tax-free as is the case with a 529. The benefit, however, is flexibility.
A 529 savings plan can be used to pay for your child's education, but it can also be used to fund their retirement.
How can I guarantee he shows up with the right papers? It would be just like him to get a continuance and drag this out until our son finishes school so I’m stuck paying for all of it.
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