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@lawmother: 529 accounts are a great tool to save for college. The growth is tax free. And as of 2024… if you dont use it all for educarion you can put up to $35k into a Roth IRA. #529 #collegesavings #personalfinance #MomsofTikTok
Law Mother
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Region: US
Tuesday 30 January 2024 12:08:42 GMT
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Comments
Deborah :
300$ a month ?? Yall must be astronauts to save that
2024-01-30 21:26:33
13881
gabrielle :
friend A should’ve told friend B just saying
2024-01-30 19:40:20
5551
annabelle 😤 :
My parents created a 529 for me and I’m forever grateful! You can use it for rent too!
2024-01-30 14:44:24
6648
sarah :
But what if they use none of it for educational expenses
2024-01-30 15:54:06
347
cocoa&ranger&layla :
My parents’ 529 accounts sent me and my 3 brothers to college!
2024-01-30 16:01:53
936
P :
I started my daughters at a year old and she already has $12k 2 years later!
2024-01-30 19:16:47
356
Becca :
Imagine having an extra $300 a month
2024-01-31 04:16:38
580
ariajade :
I refuse to pay for my kids college. If they want to go, they pay.
2024-01-30 22:55:33
2
devon :
you can use your 529 on rent! that’s how i was able to live off campus without a roommate in college!
2024-01-30 18:44:54
181
m :
would 50 a month still be good?
2024-01-30 21:13:15
55
Kate Sisson :
I think I have $25 monthly going into each toddlers account 💀 so they can buy college books I guess
2024-01-31 17:31:03
61
Shashashannon89 :
there's a 10% penalty for not using it for educational purposes. so what if my son nearly runs out and finishes school?
2024-01-30 23:26:28
9
lanadelreyforever13 :
I wish my parents would’ve done this for me 😭
2024-01-30 15:45:54
144
user4088414914915 :
And 115k in 18 years will prob get 1 year of school 😭😭😭😭
2024-02-04 13:54:53
86
fatherbullock :
my parents did this for me and my brother! super grateful! you need a birth certificate for the baby to open one of these btw!
2024-01-30 16:53:38
68
Melissa Pavon :
Question! Do I have to make two separate accounts for each of my sons or can I only have one for both?
2024-02-04 02:31:43
1
emmaschmemma1 :
At first this intughed me but then I thought about how in 10years time college will be obsolete.
2024-01-30 18:05:51
4
Mama D | PCOS | First Time Mom :
I looked into a 529 recently and it’s not profitable over the next 20 years 😭
2024-01-31 14:28:31
0
Ashley Nicole Sullivan :
My ex had one of these. His college was paid for with scholarships, so that money all went to waste unless he passes it to a future kid or wife.
2024-01-31 22:51:27
7
A_lee :
And an high yield savings account for any money they get for presents
2024-01-31 19:38:31
92
Evelyn 🇲🇽🇺🇸 :
What if the children decide they don’t want to go to college?
2024-01-30 18:09:05
3
Dari 🫧🩷 :
What if they don’t want to go to college ? What would be the best option ?
2024-01-30 19:54:24
0
jazminetaneyah :
Just started an account for my son a few weeks ago. Im so excited and it has already gained so much interest
2024-02-01 18:00:45
0
Stinky leg :
I heard that with a 529 they can’t use any scholarships or grants
2024-02-04 21:43:58
1
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