College saving tips
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College is far off for my kids but I know we need to save up some serious money for it one day. What is the best method for saving for college??
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There are different options but we opted for my529. You can read on the tax benefits. We have auto payments every month
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I keep hearing about 529s but the vary by state. I know Utah always ranks high
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@EveryoneShhh I should have clarified. We went with Utah 529 and yes it’s a popular one!
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We also do a 529. At the time we just researched which state’s was the best/most popular
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I'm so confused about the 529s. If they decide not to do collage (hopefully in 15+ years there's another options that's not as expensive) they can't use the money towards anything other than education. Are there any other options?
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@Colorful-three you can change the beneficiary of 529 to another child if you have others going to school. You can also roll it into a Roth IRA (with some contribution limits) if you opt not use it for education
