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Reply to "Investment Account as College Fund"
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[quote=Anonymous]The major plus of the 529s for us is that the growth is tax free. For us that dramatically increases the return. We were getting killed on our regular vanguard funds just with the gains from churn in the funds. We still have small non 529 Vanguard funds for the kids and there was enough churn in those the last couple of years to require filing income taxes for both kids. Combined with the earnings of one kid we ended up having to pay taxes on their funds earnings. The 529 avoids all that. Not going to college was not an option for our kids so I didn't worry so much about that. [/quote]
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