Reply to Are we really far behind on savings?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How can a person make that much and still be so stupid that they ask this on DCUM? [/quote]
Never mind that. Who the heck told so many of you that 529 and 401k are good accounts. Question the motives of government and companies offering them. Nobody seems to understand what they give up putting money into those account.
Match and tax deduction do not make up for the long term loss of money and knowledge.[/quote]

What long term loss of money?  Our 529s have provided 20+ years of tax free growth, it was invested in excellent stock mutual funds until our kids turned 15/16, then we started pulling it back (it was fully funded already for 4 years at $90K and most of grad school by then) to prevent major losses.  I will take the tax free benefits any day.  And if we "overfund" oh well.  It will continue to grow for our grandkids.  One kid has been out of college for 5 years, their "left over $75K" is now $125K+ and there are no grandkids even yet.

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