College financing cash flow plus 529 best strategy

[Anonymous]

Anonymous wrote:

Anonymous wrote:529s are amazing tax-sheltered wealth transfers. Kids can use for grad school or for retirement (thanks Biden!). Continue to contribute to 529 and depending on the state you get the tax deduction. Cash flow as much as you can (unless you are also behind on retirement).

Can you point me to how to use 529 for retirement? I have tried to find this without success.
(I know google is my friend - but the ones that popped I must have been using the wrong words)

Thanks so much

I think PP is referring to 529 to Roth contribution law just passed. Still not whole lot of info. There are some requirements but basically 6k per person/account (can't recall) w/ max of 36k. Money has to be older than 5 years.

[Anonymous]

Sounds like your income may be too high, but if not, you'd want some if the costs not to go through the 529 to be able to claim the American Opportunity Tax Credit.

[Anonymous]

Anonymous wrote:Sounds like your income may be too high, but if not, you'd want some if the costs not to go through the 529 to be able to claim the American Opportunity Tax Credit.

^In reference to paying first two year from 529

[Anonymous]

If considering a private college, look at “private college 529”

Also some colleges freeze tuition if you can pay for 2+ years at a time.