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Reply to "529 contribution planning question"
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[quote=Anonymous]OP I like the MD prepaid as a hedge against bad markets (although I am generally fairly conservative). Our plan is basically to try and fund one kid's education through the prepaid 529 and then a similar amount through the traditional 529 and then figure we can make up any different with private college through other savings/income. Even if you contribute more than the allowable MD tax deduction I think the excess rolls forward to the next year, so you don't entirely lose it. FYI T Rowe Price has fairly aggressive "age based portfolios"-- so if you are relying on those you might look at them to see if they match your risk tolerance (esp. around ages 17+). Also with the current low cap gain tax rates it is not so bad to invest some college savings you don't know you'll need in taxable accounts.[/quote]
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