cute fuzzy bunny
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
So I've looked at the 529's and ESA's. I like the idea of the ESA being able to be used on primary and secondary school, and even on education related items like buying a computer, although the $2k a year is pretty limiting.
After looking at 529's and seeing how low our tax profile is in the first place, i'm not sure its worth setting up a separate account for my sons possible college education. At least the ESA can be used for other stuff.
Still on the fence though...comments?
Whats definitely putting this on the back burner is the whole thing about the major changes or programs disappearing after 2010. Without congressional action, the ESA drops to $500 a year and cant be used for primary/secondary school right at the point in time when my kid will be going into first grade. Which takes a lot of the appeal out of that.
I know these guys hate putting in long term programs, cuz they dont get to play their politics again with that item as a piece of fodder, but not knowing how I can use the money set aside just makes these programs seem worthless to me.
Or is it a foregone conclusion that they'll extend the programs as they stand, or improved?
I heard the ESA has gone to vote already and been defeated by congresscritters that dont like the idea of helping people to take their kids out of public schools. :
Then of course theres the whole possibility that Gabe wont want to go to college or would rather start a business when he's 20.
Any thoughts?
After looking at 529's and seeing how low our tax profile is in the first place, i'm not sure its worth setting up a separate account for my sons possible college education. At least the ESA can be used for other stuff.
Still on the fence though...comments?
Whats definitely putting this on the back burner is the whole thing about the major changes or programs disappearing after 2010. Without congressional action, the ESA drops to $500 a year and cant be used for primary/secondary school right at the point in time when my kid will be going into first grade. Which takes a lot of the appeal out of that.
I know these guys hate putting in long term programs, cuz they dont get to play their politics again with that item as a piece of fodder, but not knowing how I can use the money set aside just makes these programs seem worthless to me.
Or is it a foregone conclusion that they'll extend the programs as they stand, or improved?
I heard the ESA has gone to vote already and been defeated by congresscritters that dont like the idea of helping people to take their kids out of public schools. :
Then of course theres the whole possibility that Gabe wont want to go to college or would rather start a business when he's 20.
Any thoughts?