I agree. Odysseus is right, but most people smart enough to save for retirement

Sign up, and you'll be able to ignore users whose posts you don't want to see. Sign up

Report problem with this ad

Sep 19, 2019
10:37:35am

frontrowcougar All-American

I agree. Odysseus is right, but most people smart enough to save for retirement

can SKIP #2, because they don't have consumer debt.

Report problem with this ad

frontrowcougar

Bio page: frontrowcougar
Joined: May 21, 2007
Last login: Mar 17, 2020
Total posts: 22,487 (540 FO)

Report problem with this ad

Messages

Author

Time

If you're saving for your kid's college, do it in a 529

Sexytaxman

9/18/19 9:50pm

Acorn’s got some fighting words.

Mr. Belding

9/18/19 9:54pm

If you don’t have an emergency fund, and have to raid a kids college savings

9/18/19 9:54pm

exactly!

Sexytaxman

9/18/19 9:58pm

most americans are punting on retirement let alone a college fund for kids

Mayor of Cougartown

9/18/19 9:59pm

the order is important...

Sexytaxman

9/18/19 10:07pm

#2 should be moved to #4, at least for any employer matching on 401k

Odysseus

9/19/19 6:07am

The idea is to get debt free as fast as possible.

rtNelson

9/19/19 6:34am

I agree. Odysseus is right, but most people smart enough to save for retirement

9/19/19 10:37am

What if they don't go to college?

9/18/19 9:58pm

are they going to do any type of trade school? or professional training?

Sexytaxman

9/18/19 10:03pm

Or I think its just a 10% penalty to close it up.. so not the end of the world.

cougfanz

9/18/19 10:04pm

Maybe that answers my next question, if the child dies early, I can change who

9/18/19 11:07pm

Yes you can change the beneficiary to anyone at any time.

Mr. Belding

9/19/19 6:22am

pass it to the grandkids is my plan.. each kid gets a certain (equal) amount..

cougfanz

9/18/19 10:03pm

I'm thinking this too. Unless you go into something specialized I don't think

8man

9/18/19 10:08pm

Unpossible

9/18/19 10:17pm

Yes! Tax free earnings and (in Utah) a 5% tax credit up front.

9/18/19 10:11pm

Pass

Dynomite

9/18/19 10:14pm

Just don't try to pay BYU from a 529

g$

9/18/19 10:18pm

You can reimburse yourself from a 529...

KSwiss

9/18/19 10:28pm

College will be free soon so not worrying about it

Dangerous

9/19/19 6:34am

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