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Reply to ""Fully fund" college... how much?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We plan on contributing until the accounts hits $500k. Whatever the kids don't use will go the their children. This is a very efficient way to transfer wealth. [/quote] But I thought the maximum transfer to Roth was $35k? We ended up in a situation of overfunding college due so this will be situation. Of course it could go to grandkids education but not really intention. Can you elaborate on your wrath transfer comment please?[/quote] DP. I think PP above is talking about wealth transfer down the generations to the grandkids. We are similar in goal of 550k for DS. But we have passive income that can pay for college and are considering cash flowing it with this. Thus we would not need to touch the 529 at all and can pass it down to future generations. It’s an incredible vehicle to transfer wealth and pay no taxes at all on growth and withdrawal. [/quote]
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