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Jan 9, 2019
12:42
:46
pm
BYU71
All-American
I don't think so. I think you can take it, but you will then have to
pay taxes on the gains.
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BYU71
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BYU71
Joined
Apr 23, 2001
Last login
May 3, 2024
Total posts
67,417 (1,346 FO)
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Messages
Author
Time
<< Deleted >>
Buffalo
1/9/19 12:38pm
If you do a 529 you have to use it for school.
molodyets
1/9/19 12:41pm
I don't think so. I think you can take it, but you will then have to
BYU71
1/9/19 12:42pm
Only if you want the tax-free growth. Otherwise, you can use it for whatever.
Skipshot
1/9/19 12:43pm
<< Deleted >>
Buffalo
1/9/19 12:44pm
Only $2k a year max contributions, no?
TheLoneCougar
1/9/19 12:51pm
I don't think so unless the law has changed.
Skipshot
1/9/19 12:52pm
Grandparents can pay in as well...
Fdnman
1/9/19 12:54pm
think you are right.May be thinking of educational IRA, I think it's higher now
BYU71
1/9/19 12:55pm
<< Deleted >>
Buffalo
1/9/19 12:54pm
Beware of gift tax rules as well...
Fdnman
1/9/19 12:55pm
<< Deleted >>
Buffalo
1/9/19 12:57pm
www.utah529.com
Phred84044
1/9/19 12:43pm
im a bond man.
riboflavin
1/9/19 12:43pm
<< Deleted >>
Buffalo
1/9/19 12:44pm
Now, seriously, what length?
BYU71
1/9/19 12:50pm
Good luck with that. Bonds are a low return high risk investment right now.
tawillin
1/9/19 12:52pm
I’m hoping that YouTube will be sufficient by the time they are old enough
4th and Niner
1/9/19 12:48pm
<< Deleted >>
Buffalo
1/9/19 12:59pm
That would be even better, then they wouldn’t waste time getting educated
4th and Niner
1/9/19 1:04pm
529's are pretty hassle-free
Skipshot
1/9/19 12:50pm
Make sure the funds are usable anywhere. Mine used to be in a New Hampshire
Fdnman
1/9/19 12:53pm
Is there an advantage of having multiple accounts? I was just going to do 1 for
Pretorian
1/9/19 2:07pm
I had two originally and invested the funds differently based on when they would
Fdnman
1/10/19 5:39am
Ok, so there are benefits to having an account for each kid
Pretorian
1/10/19 7:07am
I did 529's. Big mistake. If I had to do it over again, I wouldn't do a 529
Acorn
1/9/19 1:42pm
<< Deleted >>
Buffalo
1/9/19 1:49pm
Interested to hear as well.
TheLoneCougar
1/9/19 2:06pm
OK - not trying to start an argument here, but hoping people
Acorn
1/9/19 8:12pm
<< Deleted >>
supertux
1/10/19 8:45am
Sorry, what's a DIK?
Pretorian
1/9/19 2:11pm
<< Deleted >>
Buffalo
1/9/19 2:13pm
ak ta! thanks 🙂
Pretorian
1/9/19 2:28pm
Wut?
Phred84044
1/9/19 2:28pm
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