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Hi Everyone,

My wife and I recently purchased a summer home and took out a mortgage to finance it. We have no other debt (primary residence is paid for).

I currently have "529 Plans" set up for my three children. I'm from Wisconsin and contribute to the state's 529 Plan (the contributions are a deduction from taxable income on the state's tax return).

Does anyone see a benefit of stopping the 529 contributions and applying these monies to the mortgage payment?

Thanks for your time.

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