Comments on: 5 Reasons Why You Should Open A 529 Account Right Now

By: CHris

CHris — Mon, 18 Aug 2008 07:43:55 +0000

Aren’t there gift tax implications for later transferring the beneficiary of your 529 to your son or daughter when he or she is born? You may be taxed on that as a gift according to the rules of most 529 plans.

By: Jeff Frese

Jeff Frese — Fri, 11 Jul 2008 12:04:03 +0000

I opened a 529 account in my own name. I learned about it on Gifting For College. I'm going to use the money to fund my own ~~six month long vacation~~ semester abroad in France.

By: Andrew

Andrew — Thu, 10 Jul 2008 13:56:25 +0000

Wow – great idea! This especially makes sense if you live in a state with upfront tax benefits, and even better for people who don’t qualify for other tax advantaged accounts.

By: 529s :: Saving for College with 529 Plans Blog » Blog Archive » No Kids Yet? You Can Still Set up a 529 Plan

Thu, 10 Jul 2008 13:55:26 +0000

[...] I came across a great blog post today at InterestingMoney.com called “5 Reasons Why You Should Open A 529 Account Right Now.” [...]

By: Angela

Angela — Sun, 08 Jun 2008 07:11:30 +0000

What if you placed your “education funds” into your IRA anyway? Some benefits to this include:

1.) You can still use your IRA funds for qualified educational expenses without incurring a tax penalty.

2.) Any money you don’t use by default accumulates interest into your retirement fund.

3.) The fewer funds to manage, the simpler.

4.) Corollary to #3, you pay less fund management expenses.