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I was only pointing out the obvious. Statistically, if you were anywhere near the median household income for your area, then quite a few families would have been able to benefit under this new law. Many couples are having kids later in life, meaning they are in good financial shape and may be able to afford front loading a 529 plan. That is the position that we are in.
I agree that there are those people. I'm just not one of them! My kids went to Catholic private schools and, at least the schools we were in, were filled with people just getting by and hoping they could save enough for college. I think those that can front load a 529 plan are the exception and not the norm.
I agree that there are those people. I'm just not one of them! My kids went to Catholic private schools and, at least the schools we were in, were filled with people just getting by and hoping they could save enough for college. I think those that can front load a 529 plan are the exception and not the norm.
I think that's awesome. I'm sure your sacrifice will be well worth it in the end. I managed to survive a horrible and dangerous public school system, and we will do anything to ensure that our kids don't have to experience that. Hopefully, Congress will continue to throw a few crumbs our way!
Regarding-subsidized, as in tax deductibility 529 plans. Are not Pell Grants and other types of subsidized college aid subsidized? Seems a non argument to be concerned about the 529 Plan migrating down to K-12. Unless, this is code for saying something else. Like I am paid to oppose any Republican action.
I think that's awesome. I'm sure your sacrifice will be well worth it in the end. I managed to survive a horrible and dangerous public school system, and we will do anything to ensure that our kids don't have to experience that. Hopefully, Congress will continue to throw a few crumbs our way!
Oh, it did work out. One has graduated from college and the second one has one more semester to go. By the time they got to college, we were making more money. So while I was unable to do a 529 plan, I was able to "pay as you go" with college so we didn't need loans.
It would have been nice during the private school years to get some sort of break. I still wish everyone could get some sort of relief and not just those that have the means to frontload an investment plan.
Does anyone know if the 529 can be used to pay for AP exams?
My son is a junior in high school and he's taking a bunch of exams which add up. I would like to withdraw money from his 529 to pay for these exams.
I called Fidelity directly and they don't know
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