We ended up with extra money in 529 plans, and I am honestly not too fussed about it given how much the money has grown. If we have grandkids it will get rolled over for their college, and if we don't, well, the kids can take out unqualified withdrawals and pay the penalty at some point. If you're in the 10 or 12 percent bracket, it's only like getting a bonus that puts you a bit into the 22% bracket, and no one is going to complain about that. Sure, it might have been better in hindsight to have had it in a taxable account, but it's still money I just never expected to have at all and might as well be lottery winnings.
Statistics: Posted by Irene — Thu Jun 13, 2024 10:04 pm — Replies 31 — Views 1456