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College and University Discussion
Reply to "Colleges firing humanities professors "
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[quote=Anonymous][quote=Anonymous]I have long believed that the college market was in a bubble that would burst. This is why I haven't funded our 529s at the level suggested-- I hear 120k per kid, and I don't believe the market will hold at prices that high into the next decade. I'm in a position to pay cash for basically any college without much angst, so the only reason to fund a 529 is the tax advantages. I don't believe the tax advantages outweigh the risk of the market popping and college prices coming back down to earth. [/quote] Sounds like you need to talk with a tax advisor and a wealth management professional because there are a lot of things you can do with a 529 now even if your kid doesn't go to college or tuition prices drop, but you can't go in the other direction and recapture the lost tax savings from cashing out investments outside of the 529 to pay for college if your prediction doesn't come true.[/quote]
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