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College and University Discussion
Reply to "If your kid doesn't spend their 529, what will you do with that money?"
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[quote=Anonymous][quote=Anonymous]Is it theirs to spend? With conditions or without? [/quote] Not really 529, but prepaid tuition for MD. Converting it into Roth for them. The reason is because they used merit scholarship for tuition. Which is their hard work. For us, the prepaid college tuition is a sunk cost. Our kids have come out of their college journey with a double major in STEM, no debt, wonderful paying internships each year, savings in the bank - etc, etc. No conditions on our kids. We have invested time, effort on their upbringing, and it is paying dividends. They are super smart, mentally healthy kids who hang out with others like them. [/quote]
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