As I said in the reply above I can see a case for 529 over taxable. I don’t have an issue with it if the caveats are explained. I don’t feel strongly about it either way.The usual advice regarding 529s is, in so many words, "don't put money into a 529 until your own retirement is secure".I would rather see it left off than to incorrectly equate them. Equating something that gives you 20+ years of tax free growth to something that has you paying taxes makes no sense.How about this?
instead of the “taxable” box, make it “Taxable or 529” with a footnote to the section that Five K suggested, explaining the other alternatives.
Is that also how you see it?
Statistics: Posted by JBTX — Mon Aug 26, 2024 2:56 pm — Replies 300 — Views 20708
