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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]For those with high assets, saving 529 for grandkids could end up involving a heck of a lot of tax-free growth.[/quote] That is why we do it. One kid is done with school and has $75K remaining. That will easily fund one of their future kids thru undergrad (at a current $90K costs). Just let it continue to grow tax free and reap the rewards. We will fund future 529s for all grandkids as well, as soon as they are born/on the way. Put in $75-100K when they are born and they will be set for undergrad. Add a bit more before they turn 5 and they will have medical/law/any graduate school funded as well [/quote]
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