Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "529 for private school?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]YOu can use up to $10k/year of 529 for private school. But how will you pay for college then?[/quote] Just to clarify -- I would still fund the regular amount I am now for college, but put MORE in (I am paying preschool tuition now, so I would basically just keep paying it - but into their 529 instead), I wouldn't withdrawl enough to hurt college [/quote] I don't think I'd do this. The big benefit of 529s is the tax free growth. It sounds like you'd start funding the 529s when they hit kindergarten, so there won't be too many years of that before you need to withdraw, and then you will only be able to take out $10k a year. You'll max out any state tax deduction with your college savings anyway, so you won't get any benefit there. On the other side of the coin, 529s come with a bunch of restrictions that may trip you up. For example, what if they don't go to private school after all? [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
