Posted 1/5/2025 19:52 (#11042898 - in reply to #11042085) Subject: RE: New Dad: Tax Savings and College Investing Ideas
doathlon - 1/5/2025 11:21
Set money aside in a 529 plan. If they don't go to college it could still help them start a business or train for a trade ect......
My understanding is 529 investment cannot be used for purchasing a home or starting a business, unless tax penalty is paid first. can only be used to further education. I may be wrong. Or you can roll it to a Roth with no penalty.
New Dad: Tax Savings and College Investing Ideas
