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Reply to "How are those 529 Plans looking for c/o 2022 - 2030 parents?"
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[quote=Anonymous][quote=Anonymous]taking out 529 money hits our income line and messes with FA. so our advisor told us to pay as many years possible out of savings and then 100% of 529 later years. so I dont need this money til 2029, 2030, 2031, 2032 (for two kids). paying 2025, 26, 27, 28 out of savings. which has taken a hit for sure. [/quote] For qualified educational expenses, 529 withdrawals shouldn’t hit your income line. There’s still benefit to compounding tax-free returns as long as possible, though. [/quote]
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