Is a 529 worth it in this case?

MACmiracle
Tue, 24 Sep 2019 20:26:34 +0000

@artloversplus Unfortunately, we are in NJ so we wouldn’t get a deduction despite it being a high tax state. But I can’t really complain because our income is low enough that our tax burden is isn’t a burden. Lol.

Thanks for all the comments. It’s looking like it’s not worth it.

It’s not a huge amount of money. But I want to make the most of it. I’m just risk averse because if we invested it in a way that we could lose it, we couldn’t make it up with our income right now.