Quote:
Originally posted by HamiC
Between 0 and 2 years old and absolutely going to college or I will (not literally) kill them.
Assuming my state has favorable tax treatment and decent investment choices and assumin the money will be used as intended, my question boils down to whether or not these are good plans. In other words, do they hurt financial aid, are there more tax efficient ways of saving for college, will the plans last?
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Technically there is a sunset provision that hurts the tax status of these plans after 2010. Not many people think that there will not be some sort of continuation of certain parts of EGTRRA, but there are no guarantees.
I think it is a good plan, but your question about financial aide is a good one. It varies based on your income, but saving in any plan can affect your childs ability to get it. That is not exclusive to a 529.