Originally Posted by Sesq
One day, that could be me! Makes me think hard about those 529 contributions today . . . Unfortunately I am ten years plus out. The rules will be very mature by then.
I think there will always be ways to study tax and other regulations and use them to your advantage. You just might have different rules to follow in ten years.
It is hard to know the best route to plan for college ten years in advance. In California, there is a now a middle class scholarship. Families with incomes under 100K pay just $3.3K for tuition per year for the state colleges starting next fall and $7.3K a year for the public universities.
Add in merit or financial aid (low taxable income and assets in exempt asset classes to qualify), plus college income tax credits, and the annual out of pocket costs for an in state student could be fairly minimal.