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Reply to "Suburban MD Prestige Rankings"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] Maybe your friends in Arlington are diligently squirreling their money away in 529s, but I assure that ultra high net worth individuals are not using 529s, and there are plenty of ways to "harness the power of compounding" without putting your money into a 529. Lol I’m late to the party here but just wanted to comment this is a statement that really makes you look dumb. Like really dumb. [/quote] I disagree. If you have enough money to have a financial advisor to manage trusts for your kids, why wouldn’t the financial advisor place some of the kid’s money through a 529? Why pay tax when you can pay no tax? Do you like paying taxes when you don’t have to? Sounds like you’re a dumb and poor W-2 wageslave. [/quote] The quote function didn’t work. The late to the party commenter was calling out as dumb the comment said UHNW’s aren’t using 529s[/quote]
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