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[quote=Anonymous][quote=Anonymous]$15k between the kids or 15k for both? First, 529 plans are no good for money growth; then you suggest you kill even more of your hard-earned money in bonds, and then, you insist your kids go to college. If you invested the money properly, both could skip college (or go if they wish) and never work a day in their lives. Their job would be to manage the money you invested for them and have a hobby job. They could also pay cash for college produced by the investments and not touch the principle. [/quote] Don’t listen to this person. “529 plans are not good for money growth.” That’s like saying 401ks are not good for money growth. You can pick whatever plan for whatever state you want and there are endless investment options. We max out Maryland up to the tax deduction limit and then overflow in Nevada using Vanguard. If their argument is that they can beat the S&P 500, run even further away from their advice.[/quote]
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