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Reply to "College fund - yes or no?"
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[quote=Anonymous]Why do you care what other people do? If putting money in a 529, or whatever you mean by a college fund, that is great. For us, we put money in a 401k, because the tax benefits offset the downside of locking the money up. We don't put money in a 529, because I don't feel the tax benefits offset the disadvantages. When college comes we will provide the amount of financial support we want to provide. For us, that means 100% of tuition, on campus housing, meal plans, and some spending money. If they chose to live off campus or cook on their own we will have discussions about what is reasonable.[/quote]
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