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Reply to "What would you if you inherited $100k?"
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[quote=Anonymous]^ The main reason your advisor is suggesting this is to give you more flexibility should you need some of that money for retirement or some other reason than your kids college. In the end, you have to make sure your retirement savings is adequate first, then worry about college savings. While a 529 is the most tax advantaged option - you are taking a risk given the penalty for non-qualified withdrawal. So I agree with PP that its a bit of a balancing act. People think they will never need the money, then that bigger house in McLean starts looking nice.... [/quote]
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