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If control of the money is an objective, it's hard to beat 529 plans.

Of course, a Roth IRA is a great thing too (and flexible enough for college education purposes)and in most cases should be where your first $2,000 go if you are eligible.


(Saw your article in Kiplinger's, 529fan. Good press!)

I am utilizing a (soon to be multiple) 529 Plan solely for the control issue. Additional fringle benefits are (to me) the impact on financial aid and (hopefully) favorable tax treatment (please, Congress, make them tax free...)

I guess it boils down to goals, objectives and overall situation. My retirement is a higher priority than college for the kids. Sounds heartless, but I'd rather have them augment college (via scholarship or job) than the price of lambskin being their taking care of me.

As such, I'm fully involved with both my 401(k) and Roth IRA. I'm curious, though: why put college monies into a Roth first? Because of the retained control, known impact on financial aid (parent asset) and known tax treatment (free)?

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