Is a 529 worth it in this case?

MACmiracle
Mon, 23 Sep 2019 21:45:34 +0000

I have a CD maturing and I have to decide what to do with it. I have a D who will be a college freshman next year, most likely at a local state college, and another D who is now a high school freshman who will need access in less than four years. I would want to share the money equally between them no matter where we decide to put it until we use it.

I’m wondering if a 529 would be worth it for either of them at this stage. We are low income so any tax break will have very little impact.

I looked at boggleheads for topics like this and it just gives me a headache. It makes me think I should just let it roll over to get a ladder going.