529 Plan (California) – Schwab, Wells Fargo, or other? I was gifted a decent chunk of money (25k) to open a 529 plan for my son and I’m not sure the pros/cons of different options. Could someone ELI5 the pros/cons of different options? My first choice would be Schwab as that’s where my other investments are. Second would be wells as I bank there. Open to other places but they would have to be notabl…

529 contribution amount What is a “good enough” amount to contribute to 529 plan each month to ensure in 18 years my baby will have college fully funded? Edit: maybe budget for a good California state school. submitted by /u/UpstairsAide3058

401 or 529? I’m poor and have limited money to invest if any at all. I’m 44 yrs old with a 12 year old son. I am poor and very rarely have any money at all to spare. My family has a 529 fund for my child and make regular contributions. I have an OBRA account through work instead of SS because I work in the Public School System. If i only had $100 a year to spare and invest, which would be better investing, my ch…

Too much in 529? What could happen? What’s the actual consequences of too much in a 529? Is it just your child might have to pay taxes on the interest? If they don’t go to school what can they do with the money? submitted by /u/ngteller

529 college savings? Pro and con Would I be better off just putting instead of 100$ a month into 529, might as well put 100$ a month in S&P 500 and probly get more return. What am I missing here? submitted by /u/UpstairsAide3058

What should I do with leftover money in my 529 plan? I am 26M, graduated from college 4 years ago and I have about $4,000 left in my 529 plan that my parents set up for me which I was extremely grateful to have. The question is what would you do with this money? I could meep it where it is if I decide to go back for a masters, but I am definitely leaning towards not wanting to do that. If I keep …

10k Gift: 529 or Brokerage? In-laws gifted $10k. Wife and I are maxxing out our retirement accounts and contributing 1k/month to another S&P index fund. My gut is to move the 10k to the ETF over time. Wife wants to contribute the gift to our kid’s 529, but should we lump sum it or should we DCA it over time? If the latter, where should we keep the balance? In a CD? Thanks…

Save for college in 529 or normal brokerage account? My state provides no tax benefit for putting money in a 529. Obviously, there’s the tax free growth I get by being in 529 (as long as I use the money for my child’s college). On the other hand, if my child goes to a cheaper college or not at all, I’d have a 10% penalty. So question is – do I put in, say a 100k, in a 529 for by 6 month old? Or d…

My dad opened a 529 for my son. What info do I need? My dad is weirdly protective about financial info. He opened a 529 for my son probably five years ago and told me we “wouldn’t need to worry about” paying for my son’s college. Which is great! And I’ve very thankful. But I don’t super know what that means. I’ve tried to get more specifics than this several times over the years and he is just def…

529 tax credit worth hassle First kid starts school in August. I’ve saved enough to contribute about $20k outside of a 529. Would it make sense to dump that into a 529 now to gain the $600 in tax credit Ohio offers ($120/yr for 5 years)? Basically, is the paperwork and administrative work easy enough to justify the small tax savings? Ohio maximum credit is $4000/year with …

If my kids have a Coverdell, and we want to set aside more for them, should we do a 529 or other options? currently my kids, 3 and 8 both have Coverdells and we have put the max amount each year for them. We have an additional 5k for each of them from their grandparents. would that be better in a 529 or since they already have a coverdell would it be better to put that in an ETF or other investment account set it aside for later. submitted by …

Good 529 plan for kids… How do I look for a good 529 plan for my 2 kids? Ive been googling around and I just get websites full of ads and just trying to “teach” about them but really just selling them. Do you have any good resources I could go to and/or a good place to set up a 529 education plan for my kids? We live in Az and they are 4 and 7 if that helps. Thanks …

No one can find my son’s 529 account. I hope this is the right place to post this. I opened a 529 plan back 2015 after my son was born. We had a few years of hardship and were not able to contribute much during those years. Now I’m in a better financial situation and would like to contribute and play catch up. I closed my (business) account with the bank that I opened the 529 with i…

Give more money to child #2’s 529 account? Child #1 is two years older than child #2. So for the first two years we contributed 10k to child #1’s 529 account. Once child #2 was born we gave them each 5k. Year 1 – child #1 got 10k, year 2 – child #1 got 10k, year 3-current child #1 got 5k and child #2 got 5k. Even though child #1 only got 20k extra for the first two years, child #1’s acc…

Is a 529 account the best way to save towards my kids’ college costs? I know at one point it was not considered the best option, but I think that was before you could roll leftover into an Roth IRA. Is it now considered the best choice? I live in NC, btw. Edit: secondary question: is a single account or multiple accounts recommended for multiple kids? submitted by /u/itstommygun

Fender Limited Edition Player Telecaster Electric Guitar (Lake Placid Blue) $529 + Free Shipping Adorama has *Fender Limited Edition Player Telecaster Electric Guitar* (Lake Placid Blue, 0144571502) on sale for *$529*. *Shipping is free*. Thanks to Deal Editor *iconian* for sharing this deal….

Fender Player Telecaster Electric Guitar (Lake Placid Blue) $529 + free s/h deal $529 + free s/h

Continue to fund 529 once kids near college age? Have two children (18 and 16 years old) and have been funding their 529 accounts at the maximum amount of 14k/year. Thanks to a great market, both have 200k at this point. The 18 year old has decided on his college which should be just under 50k/year with room and board so i stopped funding his 529. The 16 year old just did some college tours an…

Using 529 for laptop Does anyone know if my daughter can use her 529 to purchase a laptop when she is only taking 1 class? My research doesn’t show any class requirements, however, a tax advisor thought you had to be at least 1/2 time. Thoughts? submitted by /u/GovernmentExpress823

Withdrawal for 529 now or save for my Kid? I just created a 529 for my son who is 1 years old. I also started a masters degree. Should I use the funds to pay for my books or continue to let it grow for my son? I am listed as the beneficiary and will swap it once I complete my degree in two years. Are there any benefits to using the money now? Or if I don’t need it shouldn’t I just save …