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Forum
-> Household Management
-> Finances
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amother
OP
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 Wed, Nov 25 2020, 10:08 am
Am I correct in understanding that 529 plans are allowed for K-12 education (as per Ted Cruz's amendment to Trump's tax plan a few years ago)?
If so, what are the disadvantages to putting money in a 529 plan to pay tuition?
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Turquoise3
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Wed, Nov 25 2020, 11:55 am
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The guy who writes finance articles in the Voice of Lakewood wrote about it sometime ago. I think Dh clipped it Best bet is to email them for that article. was very informative
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amother
Chartreuse
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Wed, Nov 25 2020, 12:56 pm
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There isn't any disadvantage. I only wish it had been usable for K-12 in my kids' day but at the time it was only for post-secondary school. It would have made a big difference to us because we live in a high-tax state.
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