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[quote=Anonymous][quote=Anonymous]The same money outside of 529, would be 1.2 million at minimum plus all the knowledge how you got there.
It's very hard to understand why you would even worry about money if you were willing to put so much money into account that has a low return compared to what it could be.
What's done is done. The kids are still young. Leave it alone. Don't touch most of it even when they start college. Downturns last under 2 years.
This is way too much money in such a restricted account unless they want to be doctors.[/quote]

You seem to be the same poster who keeps posting on all the 529 questions, and I just need to know…what is your deal? what state do you live in that your 529 options for index funds doesn’t return nearly the same as any regular index fund?

I live in DC. The fees are slightly higher than a Fidelity/Vanguard brokerage. But I get to deduct $8k in contributions each year from taxes AND anything the acct earns is tax free. I don’t know if you are in some impossibly low tax bracket that this doesn’t matter (hugely) or you are suggesting parents forgo tax savings yo bet it all on nvidia stock (which carries so much risk) or what? What is the thing that makes you think you were so right? Scholars at Brookings think 529 is so advantageous they want to take it away from high income earners who they think benefit too much. What do you know that those experts don’t? [/quote]

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