Too a lot saved for school (529/GI Bill)?? : personalfinance

by akoloy

My youngsters doubtless have 10 and 11 years earlier than they might begin school. Currently I’ve 50k and 41k in every 529 account for every little one. It donned in me final week that I additionally allotted 18 months every of my publish 9/11 GI Bill.

More than doubtless they may go to a state college, which until one thing modifications, the publish 9/11 will cowl tuition and provides them some for room/board.

There appear to be very restricted methods to tug cash out of the 529 that don’t incurre a penalty. So in your educated opinion, when ought to I cease placing cash on their 529s? I don’t need to save simply to pay the penalty and taxes 15 years from now.

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