Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
College and University Discussion
Reply to "Moving $200,000 out of cash to improve chances for college financial aid?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]My understanding, which could be wrong. So the cash assets and 529s are both parental assets and assessed at around 5.xx%. So I don’t see how switching cash to a 529 helps, unless maybe you make it a custodial 529 for the younger child. Consult an expert. Otherwise, if you’re not currently maxing out retirement funds, couldn’t you do that and spend your assets on living expenses if needed? That would start that process on getting the assets moved into retirement funds. You could also just spend the money on home repairs, cars, travel, etc. but you have to decide if any of that is worth it. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
