A generational 529 feels like the tax tail wagging the dog to me. I'd rather pass on wealth without strings attached especially if grandkids are uncertain and college for them (assuming they go) would be many decades away.Honestly, the idea that we're going to be OK for college and (likely) retirement is just starting to dawn on me....but yes, it seems like a very good vehicle for passing on wealth.On the other hand, 529 allows for tax free growth so, even if you over fund it, I imagine you can pass it on to the next generation (grandkids). I assume, at your income level, you have some bequest motive.
Statistics: Posted by ThankYouJack — Mon Jul 15, 2024 10:44 am — Replies 15 — Views 1445