Agree, but tax savings likely still substantial
by gregmorrissey (2024-02-25 18:06:26)

In reply to: I'd be somewhat surprised if the full 700k was from 529  posted by jt

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I was just trying to point out it was a significant benefit received from a government policy decision, and I would assume Moose84 (similar to CATripleDomer below) would object if someone characterized it as a bail out.

In thinking about it a little more, $60k would require between $300k and $400k in gains which is unlikely so Moose84's net benefit of the 529 was likely less than $12k per kid, again depending on state tax impact.

I want to point out that it's an honorable thing that Moose84 did to sacrifice and save for his kids' tuition. He used the government programs available to him to as much benefit as possible which I encourage everyone to do. Just asking everyone to acknowledge the benefit and not describe benefits received by others using negative terms.

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