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Reply to "Why should I have a 529?"
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[quote=Anonymous]I can't figure it out either. DH and I save 17,000 in a 403b (around 11% of what me make). We both have pension plans. We have another 7,000 a year we can put in a 529 or in a 403b. We moved to a state with no tax benefits for 529's. Isn't retirement savings sheltered from any type of financial aid? How are 529's treated? We have two preschoolers and are thinking we plow money into retirement now and when they go to college pay up to 24,000 a year and stop retirement contributions, the rest is up to them. What if they end up in not in college, or in a service academy, or a community college? Of course I think thy are brilliant and will attend top tier universities but who really can predict where a kid will end up?[/quote]
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