| Author |
Message |
 Topic: 529, Roth, GI Bill |
ryn996
Replies: 19
Views: 41193
|
 Forum: Personal Finance Posted:
Wed Nov 27, 2013 12:53 am Subject: 529, Roth, GI Bill |
| Personally, I would put it in a Taxable Account. It grows tax-deferred, you pay only capital gains tax on profit if you sell some, and it is never taxed if you let it go to your heirs. But mainly, I l ... |
| Topic: 529, Roth, GI Bill |
ryn996
Replies: 19
Views: 41193
|
Forum: Personal Finance Posted:
Tue Nov 26, 2013 6:47 pm Subject: 529, Roth, GI Bill |
Why not transfer the GI Bill to both children?
We may do that, split it 50/50. |
| Topic: 529, Roth, GI Bill |
ryn996
Replies: 19
Views: 41193
|
Forum: Personal Finance Posted:
Tue Nov 26, 2013 6:28 pm Subject: 529, Roth, GI Bill |
| What's the plan if one (or both) kids decide not to go to college? A 529 can be cashed out but all taxes are due plus a 10% penalty. Or you can use the money for other educational stuff but that is m ... |
| Topic: 529, Roth, GI Bill |
ryn996
Replies: 19
Views: 41193
|
Forum: Personal Finance Posted:
Tue Nov 26, 2013 4:59 pm Subject: 529, Roth, GI Bill |
| The future value of this $5000 is of more significance to a second child's college expenses than it is to your retirement funds, since: if you transfer it, you'll have to start over, you'll have less ... |
| Topic: 529, Roth, GI Bill |
ryn996
Replies: 19
Views: 41193
|
Forum: Personal Finance Posted:
Tue Nov 26, 2013 4:25 pm Subject: 529, Roth, GI Bill |
| My wife is active duty military and she will be passing on the Post 9/11 GI Bill to our daughter, who is 16 months old (the Army has already approved the transfer). We have a Utah 529 plan in our daug ... |
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