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 "Middle class & 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]We barely make the 100K income level. We were told by several friends in the financial field that it is better to save money in a ROTH IRA than a 529 plan. It grows tax free, you can take the base out anytime, it doesn't count against financial aid and if your kid doesn't go to college or gets scholarships etc., then you have the money for retirement. Even those who make over the limit for a ROTH IRA can contribute to a regular IRA and convert it. Between two people, that's at least $11K a year going into the account (more if your over age 50). I think its just a little more flexible than the 529 plans.[/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
