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Author: PSUEngineer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8206  
Subject: Re: 529 vs. Roth IRA Date: 5/15/2012 10:25 AM
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You should check to see if there are any state tax benefits for contributions to your state's 529. Here in NC, I get a state tax deduction on the first $5000 in contributions to the 529 so I contribute that much each year.

Don't forget about the Coverdell Education Savings Accounts. You can contribution up to $2000 per year if your modified adjusted gross income is less than $220,000 joint ($110,000 single). You have the same investment options as you do the Roth IRA. I have accounts for my daughters at Scottrade.

PSU
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