ACap will not respond to comments seeking tax or financial advice. Please consult a CPA or CFP who is familiar with your individual circumstances.
@TheK9Shepherd8 ай бұрын
Remember however. You can always take out your contributions tax free, no penalties. So if your kid doesn't go to school, you can at least get back your contributions.
@ACapReCap8 ай бұрын
Great point. Thank you for clarifying.
@arzumanian2 жыл бұрын
Hey Ara. How are you? Not asking for advice here, but interested in your thoughts on the relative merits of using Acorns instead of a 529. I saw high costs (%) on most of the 529 plans I saw.
@ACapReCap2 жыл бұрын
Hi Ara. I'm going to post a video very soon about the differences between the Acorn Early and 529 plans accounts. There are tons of great low-cost 529 plans offered by various states.
@aallearn492711 ай бұрын
Basic ques...as i m at early stage....should i go for brokerage or state to open 529 account?
@JohnPaul-ol5zl2 ай бұрын
Is the Florida Prepaid College Fund good to get?
@samayoa954 ай бұрын
Can I withdraw my contributions without penalty? Note: not my earnings, just my contributions.
@jimknarr4 ай бұрын
Yes
@JohnPaul-ol5zl2 ай бұрын
Is the 529 Plan valid for Trade School? I live in Florida and my child will be graduating in May 2028.
@Intentionaltia2 күн бұрын
Yes.
@Eric-tb2je Жыл бұрын
Ok... we've been religiously investing in our 3 kids 529 plan monthly since they were born. They are now 9, 7, and 5... We live in California and I know we can't deduct the contributions but now I find out that my kids will be punished on the FAFSA application. What are the better options at this point and what can we do with the money already invested with Vangaurd 529 plans? Thank you...
@ormand3000 Жыл бұрын
5% of student assets is punishment on FAFSA? Be practical and sensible.
@Eric-tb2je Жыл бұрын
@@ormand3000 Agreed! The differed taxes is well worth it. Thank you!