529 for kids education

[beerboy17]

Bro

Anyone started kids education plan with 529 can you tell me which one you choose and why? Thanks bro

[psycopk]

Started… but not worth it.. better to buy top tech companies and forget  about it

[oreo]

Utah 529 plan , worth having a 529 plan as early as kid is born or even before , you will see the power of compounding and is tax free , if you end up saving more pass it on to grand kids , be cautious not to save more though

[AFDB_Director]

27 minutes ago, beerboy17 said:

Bro

Anyone started kids education plan with 529 can you tell me which one you choose and why? Thanks bro

I started it when my kid was born. If your state has state income tax, then go with your state 529 plan, you will get tax benefits. If u don't have state income tax then chose the one with lowest fees. 

[cloud]

Invest in 2nd home or spyder stocks and forget . Better than 529

[sattipandu007]

2 minutes ago, cloud said:

Invest in 2nd home or spyder stocks and forget . Better than 529

Spyder?

[rmJU72]

fidelity has s&p option in 529 too. I’m planning to put in total of 100k per kid and forget abt it. Putting 30k per year - 15k per parent.

529 money can go to ur trust too estate too, and fund ur grandkids too.

https://www.barrons.com/amp/articles/how-to-use-529-plans-loophole-51622242163

[AFDB_Director]

12 minutes ago, rmJU72 said:

fidelity has s&p option in 529 too. I’m planning to put in total of 100k per kid and forget abt it. Putting 30k per year - 15k per parent.

529 money can go to ur trust too estate too, and fund ur grandkids too.

https://www.barrons.com/amp/articles/how-to-use-529-plans-loophole-51622242163

I like your approach. Nenu every month auto payment petta. But this is good doing lumpsome at a time. 

[Spartan]

 

[dkchinnari]

37 minutes ago, AFDB_Director said:

I started it when my kid was born. If your state has state income tax, then go with your state 529 plan, you will get tax benefits. If u don't have state income tax then chose the one with lowest fees. 

asalu how to start it..pls share the process to sfart it

[AFDB_Director]

Just now, dkchinnari said:

asalu how to start it..pls share the process to sfart it

It's just like opening checking account. Me state 529 Google chesi, open an account. Fund it by linking your checking account. You can pick n choose how to invest basing on your risk. 

[pandemkodi]

What if we don’t use that money ? Can we withdraw paying some fine and tax ? 

[Spartan]

2 minutes ago, pandemkodi said:

What if we don’t use that money ? Can we withdraw paying some fine and tax ? 

529 money is use only for education expenses only.

vere link vesa...ROTH IRA route.. that will give u option to use it for aything

[JackSeal]

2 hours ago, beerboy17 said:

Bro

Anyone started kids education plan with 529 can you tell me which one you choose and why? Thanks bro

 

[hydusguy]

8 hours ago, beerboy17 said:

Bro

Anyone started kids education plan with 529 can you tell me which one you choose and why? Thanks bro

just take insurance on them..at education time.. you can take loan out of it..