529 plan for kids

[megadheera]

@Spartan @Vaaaampire is it better to take it? In my state(PA) there are 2 plans. Guaranteed savings plan and investment plan? Is it better to put in investment plan?

[anandam2012]

Just now, megadheera said:

@Spartan @Vaaaampire is it better to take it? In my state(PA) there are 2 plans. Guaranteed savings plan and investment plan? Is it better to put in investment plan?

better not to put in state specific plans, if the state allow us to spend the money through out the country then you can go ahead and invest the money.

[dasari4kntr]

1 minute ago, megadheera said:

@Spartan @Vaaaampire is it better to take it? In my state(PA) there are 2 plans. Guaranteed savings plan and investment plan? Is it better to put in investment plan?

 

 

[DallasKarreBaluGadu]

2 minutes ago, megadheera said:

@Spartan @Vaaaampire is it better to take it? In my state(PA) there are 2 plans. Guaranteed savings plan and investment plan? Is it better to put in investment plan?

Take LIC in India 

[DallasKarreBaluGadu]

Just now, dasari4kntr said:

 

 

Ela undi ne situation https://www.instagram.com/reel/C1SH9Xop8K9/?igsh=dGgybGlyYmVuNW9o

[jpismahatma]

I got nyc529. I am from pa. I put 500 every month.

[LungiLingaraju]

8 minutes ago, jpismahatma said:

I got nyc529. I am from pa. I put 500 every month.

Does PA give you any tax benefit ? 

[megadheera]

11 minutes ago, jpismahatma said:

I got nyc529. I am from pa. I put 500 every month.

How does it work? Do we still get 3% tax benefit if we take out of state 529 plan?

[Pandubabu]

53 minutes ago, anandam2012 said:

better not to put in state specific plans, if the state allow us to spend the money through out the country then you can go ahead and invest the money.

all 529 plans allow uncle .. 

[Pandubabu]

36 minutes ago, megadheera said:

How does it work? Do we still get 3% tax benefit if we take out of state 529 plan?

no, you don't . it is not necessary all state plans have that benefit uncle 

[anandam2012]

Just now, Pandubabu said:

all 529 plans allow uncle .. 

ok

[Pandubabu]

56 minutes ago, megadheera said:

@Spartan @Vaaaampire is it better to take it? In my state(PA) there are 2 plans. Guaranteed savings plan and investment plan? Is it better to put in investment plan?

theesko uncle , oka 35k varaku you can roll over to kids Roth IRA if they won't use it , provided the money is in account from atleast last 10 years or something .

plan at least 100k as target about  for kid , and your money invested typically doubles in 7 years .. so dhaniki batti do your one time investment or monthly investment. ala plan cheskuntu mundhuku velli.