Yeah, I doubt they'll earn much in high school so will just plan on depleting the 529s on qualified educational expenses during my oldest's freshman year. My guess is we'll have $200k+ in college expenses but the 529 benefits just aren't there for me to deal with the strings and/or penalties.There really aren't any realistic scenarios in which one should put money into a 529 that they don't highly anticipate spending on qualified educational expenses. The $35k Roth rollover is basically just a safety valve for over contributions, and for the reasons stated above is not a loophole for bonus Roth contributions and never should be a reason to intentionally contribute more to a 529. Perhaps it can at least be the way to deal with your kids' existing 529 balances, though, when they eventually do have earned income in the future?
Statistics: Posted by ThankYouJack — Sat Sep 28, 2024 8:17 pm — Replies 4 — Views 256