Quote:
Originally Posted by kbace6
Gracie, if you have not read the other post defining the 529 plan, a 529 is typically a higher education tax free savings plan similar to an IRA or 401k except you NEVER, EVER pay taxes on it, but it has to be used for education. So my thinking is that since I plan to use the LLC in the Villages, (frivolous or not) why not save some money now and get it tax free and possibly lower my tax bracket in the process? That way any classes I decide to take in the future are already paid for.  |
I do not believe that a 529 will work in this instance