529 college plan outside resident state I am an Arizona resident and planning to open a 529 account for my kid. From what I understand, the State of Arizona provides an income tax deduction for contributions made to any state’s 529 plan. With that said, I have a few questions: What is the best college saving plan offered by any state? Why would I or anyone even consider the AZ529 pla…

How much is too much for a 529? I grew up poor and basically bootstrapped myself into a 6 figure upper middle class success. No debt besides mortgage, saving for retirement, blah blah. Anyway, I have a 7 year old daughter and her 529 currently has $53k in it. When all the covid funny money came I put it in the 529 plus any birthday cash (or whatever) I match and put in and $20…

Fidelity 529 Investment Options Hi, I just opened a 529 for my newborn and plan to put $250 every month. Is this a reasonable amount? I currently have chosen Fidelity Index funds as the Investment option. Any recommendations on what to choose? I’m leaning towards a moderate risk strategy. The plan only allows changes twice a year. Thanks in advance submitted by /u/Key-D…

VA 529 plan. My two oldest a refusing to go to college. What do I do? OK my two oldest kids just graduated from high school. My father (their grandfather) and I opened VA 529s for each of them. One told me last week, and the other today they are unwilling to apply to any college. One doesn’t want to go at all, the other wants to take a gap year and then go part-time. Meaning the 3 year Cert. & associate degree pro…

Investing: 529 plan advice Soon to be first time parent. Any suggestions or directions on a 529 plan? Having my first child in 1.5 months and want to open a plan. What type of investments should be made, ETF’s and similar funds? Is fidelity good for 529 or should I do vanguard? Is there a good starting amount to contribute each month (i.e., $100 per month)? Appreciate any…

529: if child is paying roommate for rent? 5 of them rent a house and split rent and utilities. If my child Venmos a roommate her portion of the rent … can I withdraw from 529 to cover it? Same question for utilities. submitted by /u/Claude_Henry_Smoot

529 to Roth to Withdrawal? Not sure how dumb this question is, but my dad set up a 529 for me long ago. Scholarships and G.I. Bill left me with 17 grand in it. I just bought a house, and I know you can pull 10,000 out of a Roth IRA for first time homebuyer. Can I roll the 529 into a Roth into a withdrawal? submitted by /u/kilrman9

Post 9/11 GI Bill and 529 account I am planning on returning to college and utilizing my Post 9/11 GI Bill. I am also the beneficiary of a 529 plan. I have been reading conflicting things about how to properly utilize both of these. Am I able to use my GI education benefits in addition to using the 529 to pay for qualified education expenses? (room and board, computer, etc)? Loo…

Best 529 plan for god children? Is there a way to keep the girl’s sketchy family from funneling away money? I have two god daughters, 9 months and 2.5 years old. Their mom is a lifelong friend. Their dad… has a history of bad decisions, addiction, and narcissism. I want to create a 529 plan for both girls as I know their parents don’t have money for savings of any kind. The girls were born in Texas, but I hate the Texas plans because they aren’t as fl…

529 plan multiple plans question for MA I set up a 529 plan in my state (MA) to save for college for a child. The tax deduction is a $2000 limit. Does that mean that I can contribute up to $2000 in my MA account to maximize my tax deduction, and then if I would like to open a different 529 plan with another state to maybe get lower investment fees if I plan to contribute over the $200…

Should I do a 529 plan for College My son will be going to college in February 2026. We have a couple thousand in savings bonds and a couple thousand in cash, maybe $4000 total which I was thinking to convert to something to invest for his college. However, since it’s only 2 years away not a long time to invest, what should I do? 529 account? Just a high yield savings 4-5%? Combi…

Receiving 529 plan from another state… So, my wife’s parents live in FL. I live in GA. They have a 529 plan for each of my two kids. One of them is going to be a senior in HS next year, so we’re starting to plan for college. I literally know almost nothing about a 529 plan. Can anyone ELI5 how this money works? What are it’s limitations? How does it get transferred to my kids? Are th…

What are the cons of the 529 plan? I know all or most of the pros, but if you were listing out pro and cons what would the cons be? submitted by /u/Coffeelover4242

About to open 529 for my grandsons in NJ. Can my father (their great grandfather) get a tax deduction if he contributes to it? He earns more on investments than we do. We are retired, but pre Social Security. My dad gets Social Security and also RMD’s from IRA’s and interest on CD’s etc. His income is higher than ours. We are going to open a 529 for our grandsons and I just wanted to clarify if the tax deduction is only for us (the ones opening the account) or if he can claim whatever he contributes. (assuming…

Do I need income to roll money from a 529 account into a Roth IRA? My wife and I are looking to invest in our children’s future in the most flexible way possible. I want to make sure I understand the new rules governing 529 rollovers into Roth IRAs. We are going to open 529s in our OWN names, and deposit a large lump sum into each of them. The money will be invested and grow for 15+ years. If our kids decide to…

529 for kid or something else? So I’ve got 6k saved with my wife for our son’s future. She adds $50/mo and I add $25 every pay period (it’s just set up based on our payrolls), so it’s growing about $1250 a year plus 4% interest from the bank savings account. I’m considering putting it all in a college 529 in Indiana, but I’m unsure if there’s a better place to put it for gro…

529 Post Divorce and in my name I have a decent amount of money set aside for my oldest son, 20. I am divorced and we also have a 10 (F) and 8 (M). We started a college fund for the oldest when he was young. Post-divorce, we did not include the 529 as a marital asset in our divorce decree (I did it pro se). We continued to contribute equally to it for about 5 years post-divorc…

529 account for grandson with severe autism Any recommendations for a child with severe autism. I have a grandson with severe autism, he’s nonverbal also. I started account when he was born and account is $3700 now. He’s 7 years old but it looks like he will never attend college. Not sure if I should continue with contribution to this account. I have 7 grandchildren and I do the same for …

What does it mean when a 529 doesn’t get the money from my account to up into it? I have a 529 my mother says that each month it is supposed to take 160 dollars from my savings account to put into it. I know the date my mom told me was the 16th but it also does it on the 15th at times, But this month I’ve been checking and it’s now the 17th and it still hasn’t taken the money. I’m not sure how a 529 works my mom made me an ac…

Out of State 529 Advantages? I live in a state with no income tax and therefore no 529 contribution tax advantages. I was doing some reading about opening out-of-state 529 accounts. I live in Tennessee which does not seem to use a third-party manager for its 529 plan (which is fine) but could there be advantages to contributing to an out of state 529 say in like Colorado? I…