Thanks for this link. Looks like we could use the 529 to fund the projects that are a class requirement.
Sent from my iPhone using Baby Bargains
Thanks for this link. Looks like we could use the 529 to fund the projects that are a class requirement.
Sent from my iPhone using Baby Bargains
I can see that we’ll ah e to keep track of money spent. Definitely a conversation to have with DS about keeping receipts etc
Sent from my iPhone using Baby Bargains
The funds that we are removing from 529 and putting in DS account match scholarship amounts. The earnings on these withdrawals is taxable and we want to keep it as clear as possible and at DS tax rate.
This is also part of the pure bribery we had with DS. He's a ridiculously responsible kid and chose the in-state school with tons of scholarship money. So the funds are his. His other choice was more than double the cost per year and no scholarships, so yes, he will be in an enviable position in a few years.
I have the money sent to me because sending it to the school costs extra. I have a spreadsheet to track expenditures and refunds.
DS '04 "Boogaboo"
DD '08 "Lilybear"
I’ll need to look Sth this too. Depending on where DS goes and how chi he needs for his projects, we may have a little left in his 529 account
Sent from my iPhone using Baby Bargains