Reply to DC 529 - holy heck

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Stop the 529s already. Invest on your own into S and P ETF like Voo. Add a few individual stocks for excitement.You have much bigger control over your investments. You learn more about markets by being more hands on than investing in the fund they offer.
I had to take the high school graduation time all the way into next century, which is not an option, just to match my risk tolerance.
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529s offer the same index funds available in normal brokerage accounts, but with nontrivial tax advantages.  There is no financial reason to “stop the 529s already”.[/quote]

+1 You can invest in index funds in 529 plans  529s have an immediate state tax benefit and a tax benefit on growth.  If you don't use it for the original beneficiary you can use it for others and there are plenty of escape valves if you don't need all of it for educational reasons.  There's no reason to stop--you should just treat it like an ordinary investment though and examine carefully the options and the fees.[/quote]

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