Posted 1/5/2025 08:05 (#11041772 - in reply to #11041074) Subject: RE: New Dad: Tax Savings and College Investing Ideas
NEIA
We paid our sons when they were in school. This is over 20 years ago. Tax man didn't want it to be a large amount. Think it was $1500. We put that money in a Roth IRA. After they graduated never put any more in it. $10000 total. Those accounts are into 6 figures already. With 25-30 more years to grow.