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College and University Discussion
Reply to "Are we suckers for diligently saving in our kids' 529s?"
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[quote=Anonymous][quote]But wouldn't that be a $3500 penalty, for example, in your case? Are you saying you wouldn't have earned as much returns via any other investment vehicle? [/quote] Of course we may have earned more somewhere else, but we would have been paying taxes on the proceeds all those years and, we did not take a penalty because our son went to college (so we did not lose 3500). I can see where someone whose child is not going to college might think twice about a 529, but we pretty much knew by the time he was in 6th grade that he would be going to college. [/quote]
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