Reply to How many here do not have a 529 savings account, on purpose?

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[quote=Anonymous]have money in individual stocks (mostly), etfs, house, second home.

been very pleased with 529s for college. we have about 650k in there btw 3 kids and can pull it out tax-free, avoiding capital gains. I think we contributed 250k cash over the years, the rest is gains.

paying tuition out of your personal account and repaying yourself via 529 is hassle-free, on the honor system. I'm sure they can audit, but I dont believe how easy it is. we get a small deduction from NYS for contributions, but none of my kids go to school in NYS. that's not a thing.

I thought we'd end up using a combination of 529, kids' roths, our roths, and cash flow with some FA. maybe also selling second home.

Good news - assets and income have grown to the point we didn't tap either kids' roths or our own or sell second home. Bad news - full pay for private x3. ouch. but we cash flow and use 529s. will leave 35k in each for more roth contributions.

We have loads of stocks with very low cash basis. I'm glad we're not also getting hit with cap gains on top of all the rest.  Or having to sell at all. [/quote]

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