Brat
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We have My529 accounts and Roth accounts. Beneficiaries are at a minimum of 7 years from starting college. State 529 offers some tax credit but generally, costs are higher than My529. I do get frustrated by My529 investment return reports for each account. Fidelity/Vanguard.. etc they are not.
I am considering bulking up Roths through conversions and allocating some of that to contributing to grandchildren's college expenses. One advantage is that our Roths would not go on to their FASAs so would not mitigate against scholarships or financial aid. Our contributions to 529s would come out of our taxed income in any case.
Thoughts?
I am considering bulking up Roths through conversions and allocating some of that to contributing to grandchildren's college expenses. One advantage is that our Roths would not go on to their FASAs so would not mitigate against scholarships or financial aid. Our contributions to 529s would come out of our taxed income in any case.
Thoughts?