529 plan- contribute by payroll deduction or automatic checking?

[Anonymous]

For a Vanguard 520 plan. Any pros or cons of contributing every two weeks by automatic checking or payroll deduction? Is it a bad idea generally to have recurring payments from your checking account? I'm not talking about bill pay through your bank where you proactively set it up and have control. Where you give the company authority to debit your account on a recurring basis. Wondering if for that reason, payroll deduction may be better? I just want the money to be deposited every 2 weeks, before I even think about spending it

[Anonymous]

We do automatic checking deduction. We knew we wanted automatic contributions, but don't recall if payroll deduction was even an option when we set up the accounts. So. Can't compare those aspects, but definitely agree automatic is the way to go.

[Anonymous]

I've done it for years with multiple companies and not once have I ever had a problem.

[Anonymous]

We do an automatic checking deduction - Citibank to T. Rowe Price. It has been seamless even with my calling to adjust the amounts in times of plenty vs. want. I would never remember to send checks every month and I wouldn't trust payroll to do it right even if it were an option.

[Anonymous]

We do automatic checking. Its nice because I never have to think about it. Any time we want to send extra money, we just go in and send up an extra bill pay. Doesn't cost me anything other than about 60 second.

[Anonymous]

I do automatic monthly checking withdrawals, because I could stop or start that more easily than I could a paycheck withdrawal.