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

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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Well we have 529s, which I know is [b]not what you asked.[/b]

BUT we were absolutely in your boat for years and didn't open the 529s until our kid was 6. And we still don't fund them as heavily as we do other investment vehicles. What pushed us to finally do it was the rule change that allows you to convert a 529 to a Roth IRA (the account must have been open for that beneficiary for 15 years and the investments must be at least 5 years old).

It's currently capped at 35k for roll over so we decided to fund them up to that amount for sure and will then reassess. We've only had them a year.

There has been discussion of a rule change that would also allow leftover 529 funds to be used for a down payment on a home. We'll be keeping an eye on that.

Theses additional uses combined with the tax benefits were enough to push us to do it, as part of a broader investment strategy. We have no intention of "fully funding" the accounts and don't view it as the primary way we will pay for college.[/quote]

Then why answer? All these posts now will be about 529. Oh dcum humble brag away [/quote]

That's a strange take. I think posters are just trying to remind OP to reconsider. Isn't that what DCUM is all about? Inform and educate? [/quote]

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