Talk of The Villages Florida - View Single Post - Fun with Five Twenty Nine Plans
View Single Post
 
Old 08-30-2025, 12:12 PM
manaboutown manaboutown is offline
Sage
Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,902
Thanks: 14,385
Thanked 5,117 Times in 1,961 Posts
Default

After conducting some analysis I am going ahead on this. It will save me taxes kind of like a Roth IRA. I put aftertax funds into the 529 plans and they grow tax-free. My taxes are ridiculously high, especially with added NIIT and AMT. Also this will reduce any future estate taxes as 529 plans are considered outside an estate. Still stuck with IRMAA though. Bummer!
__________________
"No one is more hated than he who speaks the truth." Plato

“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine