Do you think your kids will go to college? I don't believe in overfunding 529 but I would put in up to the cost of college. Especially if your state gives a tax deduction for 529 contributions (according to one of your previous posts you may live in Texas which doesn't have a tax deduction for 529 I believe). Worst case they get some scholarships or something but then you can use up to $35k of 529 roll tax free and penalty free to the kids Roth IRA's if you have money remaining (with all the other stipulations of only up to their income or the annual Roth IRA limits each year, account must be open 15 years, etc etc).Thanks. How about a brokerage account? The argument against it is that one has to pay taxes (24% in our case) on the gains made. What is your opinion on brokerage account vs 529? ThanksWell, you can scratch off garbage permanent life insurance from your list. Spend 5 sec searching this site for opinions on permanent life insurance and you will get my drift.
Statistics: Posted by Nate79 — Thu Sep 12, 2024 10:17 am