Is a 529 worth it in this case?

brooklynlydia
Sat, 05 Oct 2019 21:35:35 +0000

This will be worth it if you can put the money into a 529 that will give you a state tax deduction. Otherwise there will be no benefit for a relatively low income person who won’t keep the money there very long.

Since you are spending it relatively soon, my advice would be to put it in a secure fund there and not a stock fund because… the economy is looking shaky and your kids are going to school soon.