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Reply to "Where to put college money after you max out 529 state tax deduction? "
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[quote=Anonymous][quote=Anonymous]The state deduction's not really worth that much anyway. At $8,000 in contributions, you're talking about $400.[/quote] It is 5.75%, so 460 on 8k for nothing. It is basically a year's growth with no risk, for putting money in the same fund I would likely put that money into anyway. We have been putting 16k/year in, so 920 of that is free and the earnings won't be taxed. They do add an admin fee of 0.15% on top of the vanguard 0.04%, but that's negligible. If we put in 180k lifetime (60/kid for our 3), VA pays for 10k of that, after growth closer to 20k, free money. [/quote]
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