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Reply to "Funding a 529 in one payment?"
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[quote=Anonymous]My DH and I have worked hard to live largely a middle-class lifestyle while making 600k (gross) a year. We have enough in savings to fully fund our toddler's 529 account with one deposit, without affecting our 401k contributions or emergency fund. We will have to pay capital gains taxes, as the money is in an index fund, but that is the only downside I see to doing this instead of setting aside a certain amount of $ from our paychecks over time. Is there any other reason *not* to do this that I'm not thinking of?[/quote]
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