tag:blogger.com,1999:blog-4921609404771984660.post3597131284610598663..comments2024-02-14T00:56:27.534-08:00Comments on Homeowner by 30!: Need Some AdviceJessica Fletcher-Fierrohttp://www.blogger.com/profile/04721145697646712842noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4921609404771984660.post-73660289939501924212014-07-28T04:58:20.219-07:002014-07-28T04:58:20.219-07:00Interest rates are pretty crummy all around, so I ...Interest rates are pretty crummy all around, so I suggest using whichever local bank you guys use. It's easier to deposit cash at a brick and mortar and once your kid is old enough, they can help deposit their money to create good savings habits.Walnutnoreply@blogger.comtag:blogger.com,1999:blog-4921609404771984660.post-24434638669354899252014-07-21T09:18:28.952-07:002014-07-21T09:18:28.952-07:00I chose our state's 529 for the tax benefits. ...I chose our state's 529 for the tax benefits. Our only child can use it for educational expenses here or abroad (provided it's in the list of qualified institutions). If the beneficiary decides not to go to college, the parent can transfer it to another kid. In our case, we can withdraw but there will be 10% additional federal tax on the earnings of the account owner's tax rate.Chttp://debtsux.tumblr.comnoreply@blogger.comtag:blogger.com,1999:blog-4921609404771984660.post-45570861338542471792014-07-21T08:38:52.206-07:002014-07-21T08:38:52.206-07:00In Canada we have an RESP plan for saving for kids...In Canada we have an RESP plan for saving for kids' college. The government kicks in a bonus each month (up to a certain amount). Does your 529 plan have a similar incentive?Joliehttps://www.blogger.com/profile/05031816661748376856noreply@blogger.com