Beware of gift tax rules as well...

Sign up, and you can make all message times appear in your timezone. Sign up

Report problem with this ad

Jan 9, 2019
12:55:25pm

Fdnman All-American

Beware of gift tax rules as well...

Report problem with this ad

Fdnman

Bio page: Fdnman
Joined: Sep 5, 2002
Last login: May 3, 2024
Total posts: 33,722 (487 FO)

Report problem with this ad

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

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

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad