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Zhoo

Joined: 08/14/1998 Posts: 117635
Likes: 15876


529 Plans and estate planning....


are 529s now the best option for putting extra money away after you put money into IRAs/401Ks and before Roths? Seems like the way 529s are structured, they could act as perpetual trust funds that could be passed down and down and as long as you set them up, future generations can focus on their Roths and other avenues for savings....

You just keep putting money in them forever even after your kids finish college.

Also, why shouldnt my wife open her own 529s and divert $$$ there in addition to the ones I have for each kid? (assuming no high interest debt)

Posted: 06/15/2021 at 12:23PM



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Current Thread:
 
  
529 Plans and estate planning.... -- Zhoo 06/15/2021 12:23PM
  Will there even be tuition in the future? ** -- ryno hoo 06/15/2021 1:55PM
  529's can be great wealth transfer tools. -- SouthernHoo 06/15/2021 12:58PM
  I didnt know you could use your 529 for this -- Zhoo 06/15/2021 5:12PM
  Thanks for posting the link ** -- 105A 06/15/2021 3:57PM
  Not sure all states, but Va you have to use within 30 years -- Chesapeake HOO 06/15/2021 12:33PM
  Right now I have two accounts in my name -- Zhoo 06/15/2021 1:29PM
  100% yes. Can each have an account for each kid -- hoos2008 06/15/2021 3:15PM
  Tax deduction yes. But can contribute more -- hoos2008 06/15/2021 5:38PM
  Its a great way to get great gains early on -- Zhoo 06/15/2021 8:42PM
  Illinois....... -- Zhoo 06/15/2021 5:08PM

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