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Reply to "529 Allocation"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Don’t over contribute to 529. [/quote] If you can, why not? You can leave money in 529s forever. Your kids' kids' kids' kids' kids can benefit from your contributions if the money is untouched (and just imagine the compounding). [/quote] Put that extra money in your own brokerage account. It may not be as tax advantaged but at least it doesn't have a ton of strings attached. We aren't contributing as much as we could to our kid's 529 because we only have one child, and we're not 100% sure that by the time he gets to college it will be worth $500k for a private college degree. In 10 years, it might be better to become a plumber and own your own company. Also, our parents' generation had tons of siblings, tons of cousins. My brother has 1 child. DH's brother has 1 child, and his sister is childless. We're not sure there will be generations of kids and kids and kids to inherit the 529. [/quote]
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