Anonymous wrote:If they receive a scholarship you can remove that much money penalty free.

Interesting. Any type of scholarship?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just curious: How much did you save in the 529? Depending on where my kid goes to school and if any scholarships pop up, I could be in the same boat.

200k.

Did your kid land an awesome scholarship?

Some scholarship money, yes. And we also encouraged schools that weren’t 85k+ a year. To me, that was unacceptable. I went to one of those schools that is now 90k or so a year, as did DH, and we both felt like it wouldn’t be worth the $

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just curious: How much did you save in the 529? Depending on where my kid goes to school and if any scholarships pop up, I could be in the same boat.

200k.

Did your kid land an awesome scholarship?

+1. FWIW, DC#1 has college tuition room and board fees at $88K this year. By the time DC graduates, I would not be surprised if we use $400K in the 529 for qualified undergraduate expenses.

If they receive a scholarship you can remove that much money penalty free.

ROTH ROTH ROTH!!

Anonymous wrote:

Anonymous wrote:Just curious: How much did you save in the 529? Depending on where my kid goes to school and if any scholarships pop up, I could be in the same boat.

200k.

Did your kid land an awesome scholarship?

Anonymous wrote:Just curious: How much did you save in the 529? Depending on where my kid goes to school and if any scholarships pop up, I could be in the same boat.

200k.

Anonymous wrote:Just curious: How much did you save in the 529? Depending on where my kid goes to school and if any scholarships pop up, I could be in the same boat.

NP - We have 200K. We'll sit on it for grandkids (God willing). By then college will most likely be 200k a year anyway so they'll need all the help they can get.

Just curious: How much did you save in the 529? Depending on where my kid goes to school and if any scholarships pop up, I could be in the same boat.

Omg you all are the best! Thanks!!

1) pay for grad school
2) convert to Roth for each kid
3) switch to another beneficiary (niece, nephew, etc)
4) hang onto it and let it grow tax-free to be reassigned to grandkids eventually
5) cash it out, pay the taxes & penalty, and buy yourself something pretty.

35k can be moved into kids Roth IRA (once they're making enough money to do that )

Save it for the grandchildren

We aren’t there yet but it looks like we won’t need all of the 529 funds set aside for dc (2 dc). I’ve already moved money as needed between my two children, but it still looks like we will have extra. What can be done?