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Reply to "Where to put college money after you max out 529 state tax deduction? "
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[quote=Anonymous]I don't know what VA's plans look like, but I live in DC and they are awful. I invest entirely in an out of state plan. If the VA plans are okay but not great then I think maxing out your deduction and putting the rest out of state makes a lot of sense. As others have stated and not fully explained you should max out your Roth first. Come college time you are allowed to remove your principle from a Roth to pay for education expenses with no penalty. So, the logic is since a Roth will grow tax free just like a 529 but is less restrictive in terms of how you spend it you should max that first and only have a 529 if you want to put more in still. [/quote]
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