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 "Why do a 529?"
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]Another advantage — unfortunately something I saw up close — is that money in 529s can’t be easily grabbed in contentious divorce. So, if you fund early in life, it protects against a parent who may develop mental illness or go off the rails. I saw this with a friend, whose husband (who was stable and productive when the kids were born) went off the rails in mid-life. He decided he didn’t want to pay for the education of kids at all any more and they could go to community college. This is after telling them for years college was important. Having money pre-allocated in 529s infuriated him, but he could not take the money from his kids and they were able to go to college. He refused to contribute at all, but they went anyhow. They hate him, and it was emotionally hard, but at least they got to college. [/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
