n****u
发帖数: 120 | 1 Want to buy 529 to save for kid's future education, don't know which state
to buy? See there is a 'state match grant', does it only apply for state
residents or any out of state investor?
Can you withdraw the principal anytime? 1st time buyer, thanks for
suggestions. | d******g
发帖数: 36 | 2 You can withdraw the principal. It is tax defer which means you
don't need to pay tax when it grows. The gain will be tax-free if
it is used for qualified college expense. Otherwise you have to
pay income tax + 10% penalty tax for the gain. It will affect
the application for college financial aid. And if you don't spend
all of the money when your kid become 30 years old, you have to
transfer to your younger kid or grand-kid. Otherwise you have to
withdraw it and pay income tax + 10% penalty tax for the gain.
【在 n****u 的大作中提到】
: Want to buy 529 to save for kid's future education, don't know which state
: to buy? See there is a 'state match grant', does it only apply for state
: residents or any out of state investor?
: Can you withdraw the principal anytime? 1st time buyer, thanks for
: suggestions.
| n****u
发帖数: 229 | 3 我觉得你说的不对。
受益人可以是自己，也可以是配偶。可以现在存529，老了以后上个什么Art History之
类的也是qualified expense。所以也不存在年龄的问题。
其次，529的受益人可以无限次变更，今天是配偶，明天是自己，后天可以指定是孩子。
529会影响孩子申请大学补助，但是只要是父母亲的财产（除去401K和IRA），都算。
所以还是应该投。
我印象中，本金和盈利都是不能拿出来的。
【在 d******g 的大作中提到】
: You can withdraw the principal. It is tax defer which means you
: don't need to pay tax when it grows. The gain will be tax-free if
: it is used for qualified college expense. Otherwise you have to
: pay income tax + 10% penalty tax for the gain. It will affect
: the application for college financial aid. And if you don't spend
: all of the money when your kid become 30 years old, you have to
: transfer to your younger kid or grand-kid. Otherwise you have to
: withdraw it and pay income tax + 10% penalty tax for the gain.
| c*****e
发帖数: 1106 | 4 It's a bit more complicated, many states allow state income tax deductions
on 529 contributions, some don't. So, you have to check out the plan of your
state.
Like LS said, the flexibility is one big plus. I have a 529 plan that I used
to pay for my wife's education in US; after she's done, I transferred the
remaining amount to an account for my kids. | j****y
发帖数: 1714 | 5 Before considering 529, you should
* Max 401K
* Max Roth IRA
You should check if your state has any tax break for 529.
If not, you can buy from any state and roll over to another state when
needed.
The Utah 529 is the best rated one in USA right now.
【在 n****u 的大作中提到】
: Want to buy 529 to save for kid's future education, don't know which state
: to buy? See there is a 'state match grant', does it only apply for state
: residents or any out of state investor?
: Can you withdraw the principal anytime? 1st time buyer, thanks for
: suggestions.
| j****y
发帖数: 1714 | 6 I am not sure if you can change 529 plan daily. Annual change is more common.
You have to doublecheck with the sponsor state for how frequent you can
change, if you can change the beneficiary at all.
子。
【在 n****u 的大作中提到】
: 我觉得你说的不对。
: 受益人可以是自己，也可以是配偶。可以现在存529，老了以后上个什么Art History之
: 类的也是qualified expense。所以也不存在年龄的问题。
: 其次，529的受益人可以无限次变更，今天是配偶，明天是自己，后天可以指定是孩子。
: 529会影响孩子申请大学补助，但是只要是父母亲的财产（除去401K和IRA），都算。
: 所以还是应该投。
: 我印象中，本金和盈利都是不能拿出来的。
| n****u
发帖数: 120 | 7 If 529 will affect kids' univeristy financial aid, why would you invest on
it? to maximize the financial aid possibility, should we try to pay off
mortgage, invest in 401K, Roth and minimize your net assets so the kids can
get financial aid from the college?
How would Roth IRA work? i thought the pricipal is not tax-deductible, only
the gains will be taxed when you withdraw around 60, correct? what is the
annual max amout for Roth? Deadline same as IRA 4/15?
子。
【在 n****u 的大作中提到】
: 我觉得你说的不对。
: 受益人可以是自己，也可以是配偶。可以现在存529，老了以后上个什么Art History之
: 类的也是qualified expense。所以也不存在年龄的问题。
: 其次，529的受益人可以无限次变更，今天是配偶，明天是自己，后天可以指定是孩子。
: 529会影响孩子申请大学补助，但是只要是父母亲的财产（除去401K和IRA），都算。
: 所以还是应该投。
: 我印象中，本金和盈利都是不能拿出来的。
| t*m
发帖数: 4414 | 8 equity in your house is also asset, which will affect your kids' financial
aid.
many Chinese family already maximized their 401K/IRA etc.
One solution is to buy gold and put it in a safe place.
can
only
【在 n****u 的大作中提到】
: If 529 will affect kids' univeristy financial aid, why would you invest on
: it? to maximize the financial aid possibility, should we try to pay off
: mortgage, invest in 401K, Roth and minimize your net assets so the kids can
: get financial aid from the college?
: How would Roth IRA work? i thought the pricipal is not tax-deductible, only
: the gains will be taxed when you withdraw around 60, correct? what is the
: annual max amout for Roth? Deadline same as IRA 4/15?
:
: 子。
|
|
