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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m not sure what people mean by fully funded. Our financial planner advised us to not over save in a 529, so we have stopped contributing for now. [/quote] 
Different financial goals. We fully fund the 529s to create tax-free generational wealth. Our grandchildren can use the 529 money leftover  after our kids’ college and grad school costs. [/quote]
Interesting idea. It has to be used for educational expenses, unless you want to pay the tax penalty on the earnings. [/quote]
Sure. We’re banking on grandchildren and those grandchildren having educational expenses sometime from K through grad school. [/quote]
I don’t want to put the of grandchildren on my own kids, and I’d rather build wealth that doesn’t have strings attached, but I can see that this would be an appealing strategy. I will ask our financial adviser about it. [/quote]

Why wouldn't you try to use a Roth IRA to build generational wealth that has no strings attached? [/quote]
Our advisor has recommended against Roths for us, so we do traditional IRAs. I just want to ask what he thinks of over-funding 529s for a future generation to use. [/quote]

Kids have to have earned incomes to have ROTH IRAs.  Inherited roths have required distributions, but 529s continue to grow with earnings not being taxed, ever.  Over funding 529s to have them benefit grandkids is a great option for people who can afford it.

ROTH IRAs are great but if you have traditional IRAs then you can't do a ROTH conversion in a worthwhile way, and if your income is low enough that you can deduct IRAs then that may make more sense for your personal situation. There are a lot of reasons to do ROTHS but your advisor knows your personal situation and what makes sense for you.

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