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Reply to "Invest 529 or Payoff Home Equity Line?"
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[quote=Anonymous][quote=Anonymous]I would definitely pay off the home equity line. How old is your kid? Since you said you recently opened it, I assume your DC is still young. I've always been told to "pay yourself first"- in other words make sure your savings and retirement is in good shape and then allocate funds for college. [/quote] Aw man I am failing this morning typing from my phone. I had added some other pertinent info but deleted by mistake. Kiddo is under a year so we have plenty of time but wanted to take advantage of compounding..also deleted from my post by accident that we do max out 401k and all other bills with a comfortable amount leftover each month. We are in pretty good shape from a retirement perspective hopefully, we have about $275k in traditional retirement Roth/401k) plus maybe $100k more in company investment fund / stock options which are technically liquid. We are in our early 30s. [/quote]
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