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 "Kids will finish college when I'm 50 - 529 vs. 401k"
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][quote=Anonymous]OP Here - thanks. To clarify, we currently both max out 401ks and Roths. We put whatever we can into 529s after that. I was thinking more along the lines of taking some of the 401k money to put the $14k/yr (gift tax limit) into the 529s, and continue to max out Roths. I don't mean we'd neglect retirement savings completely.[/quote] You don't need to put that much into the 529 if your kids are that young. That's just too much, and you should definitely not prioritize it over the 401k. If you start when they are very young, I wouldn't put more than the allowable deduction each year into the 529 ($4K per 529 in VA.)[/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
