Hey All,
My spouse (36) has a 529 account in his name that his parents opened for him when he was very young. It currently has almost a million in it.
He does not plan to go to any more schooling and we are child free.
We did open a roth account so we could roll $35k into it but what is the best way for us to “cash out” the rest?
Should we follow the “lottery” reasoning where it’s better to cash out and take the lump sum of whatever is left after taxes and then invest that or…..?
My spouse (36) has a 529 account in his name that his parents opened for him when he was very young. It currently has almost a million in it.
He does not plan to go to any more schooling and we are child free.
We did open a roth account so we could roll $35k into it but what is the best way for us to “cash out” the rest?
Should we follow the “lottery” reasoning where it’s better to cash out and take the lump sum of whatever is left after taxes and then invest that or…..?
Statistics: Posted by chocolateolive — Sun Nov 17, 2024 1:52 am — Replies 0 — Views 88