I'm trying to figure out if a 529 plan makes sense as an additional tax-free account, or if I'm over-thinking things and should just stick with a regular taxable account.
My idea is to front-load a 529 plan with several grand, and let compounding do its thing. I assume I will have qualified education expenses of at least the amount of the earnings in the far future when my kids are grown. Would I be able to pay for their education just from the tax-free earnings, and then withdraw the remainder - which should be less than or equal to the amount of my contribution - without taxes or penalties?
Thanks
Submitted February 12, 2017 at 03:42AM by Jed2Bed http://ift.tt/2lxkJyt
