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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My first bill is due.  Planning to pay in quarters.  I have some $$ (about two years worth) in 529s and plan to pay the rest from other savings/investments.  Any rhyme or reason to what to spend down first?  Should I pay year 1 from 529 or just split each year from 529 and other funds?

I can't think of a rationale to one or the other so it may not matter?[/quote]

Which state?  We put the money into the 529 and pull it out right away to pay tuition, effectively using outside funds but funneling it through the 529 for the tax benefit.  In Virginia you can put in 34K without worrying about gift tax and get a 5.75% tax rebate.  If you live in VA, I'd spend down the 529 first and then fund/pull to pay tuition.  [/quote]

+1 Our original 529 investment is gone, but we transferred 20k into it (cash/money market) to pay fall tuition so we could get the state tax benefit.[/quote]

Planning on doing this with my DC529....but does anybody know how long the money has to be in the account?  Can I deposit $8,800 into a 529 today, take it out tomorrow, and still get the DC tax deduction for that full amount?[/quote]

Mine takes about a week to “invest” (even in the FDIC or Stable Value accounts). Withdraws show back up in my bank accounts within 24-48 hours. [/quote]

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