Anyone started 529 for savings

[dasari4kntr]

12 hours ago, JAMBALHOT_RAJA said:

Pls share more details if you can uncle

bro..go for it...if you are novice in other options like mutual funds or bonds..etc

today i heard, one of my neighbor kid.. got good scores but didn't get scholarship... @LadiesTailor bro cheppinattu..scholarships will be difficult with growing competition...

[k2s]

On 10/22/2022 at 5:35 PM, JAMBALHOT_RAJA said:

Kid college education savings kosam did anyone started 529? Is it worth ? 

Pls throw some light 

Just put some lumsum and forget

[Pandubabu]

On 10/22/2022 at 8:35 PM, JAMBALHOT_RAJA said:

Kid college education savings kosam did anyone started 529? Is it worth ? 

Pls throw some light 

Don't go mad ,but definitely invest after your retirement and other savings in 529.pick some index funds inside 529. Fidelity is good provider .

Even if your kids get scholarship, you can deduct that scholarship money from 529 and use it for personal purposes with no penalty.

College cost will be kutha ramp...

Also, you can change beneficiary any time. If there is  excess money after your kids college,  you can roll it to other kid ,grand kid or you can use it for yourself for education purposes..

Fidleity has rough cost calculator .see how much it may cost and plan to target atleast 50% of that .

From last 2 years , I have a fixed $ going to my kid's 529 

[JAMBALHOT_RAJA]

Thanks everyone for your suggestions in this thread, what are various other options for education savings if not 529 ?

[eclipse]

LTT - I am reading 529 is state specific- please throw some Kaanthi

[One_Naani]

4 minutes ago, eclipse said:

LTT - I am reading 529 is state specific- please throw some Kaanthi

each state offer its own plan, some states perform better because they pick right stocks in the funds. but you can pick any state out of 50 and go with it.

some states offfer tax deductions , if you live in that state pick the same state else it's your choice

[Pandubabu]

25 minutes ago, eclipse said:

LTT - I am reading 529 is state specific- please throw some Kaanthi

Does not matter unless your state plan is giving some tax deduction. 

Some states give tax deduction,  in that case you can invest in their plans.

If not , just go with fidelity 529

[ttr2tr]

vetilo ee potfolio select chesukunte better

conservative, moderate, growth

[maverick19]

On 10/25/2022 at 7:35 AM, One_Naani said:

each state offer its own plan, some states perform better because they pick right stocks in the funds. but you can pick any state out of 50 and go with it.

some states offfer tax deductions , if you live in that state pick the same state else it's your choice

how do we know which states have better 529 plans in terms of funds? 

[VictoryTDP]

Ltt 

[VictoryTDP]

@JAMBALHOT_RAJA which state plan did you choose? 

[JAMBALHOT_RAJA]

1 hour ago, VictoryTDP said:

@JAMBALHOT_RAJA which state plan did you choose? 

I haven’t done it bro

[simha2727]

@sartan Oka thread vesadu alternate options to 529…

[Kobbaribondam]

529 is bs, buy a property let the kids enjoy money or property. 
 

bhumi eppudu mousam cheyadu bhaya. 

[beerboy17]

1 hour ago, Kobbaribondam said:

529 is bs, buy a property let the kids enjoy money or property. 
 

bhumi eppudu mousam cheyadu bhaya. 

buy where bro ?