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Money and Finances
Reply to "Is anyone not saving to pay for all of their kids' college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t understand how they are taking tax breaks for 529 contributions when you say they’ve liquidated the accounts. They have to pay penalties for that AND, at least in VA repay the tax break they took if they withdraw for a non qualified expense as you’ve described they have done.[/quote] This is true. They have undoubtedly paid significant penalties, but what do they care? None of the money was supposed to be theirs to begin with. I don’t know when they started liquidating, honestly. They’re very secretive about finances. [/quote] Maybe they never contributed to begin with. If your parents have historically pretended to foot the bill while invoicing you and DH behind the scenes, why did you trust them to follow through on this?[/quote]
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