What Is a 529 saving plan.

Discussion in 'Off-Topic' started by loosewire, Aug 20, 2009.

  1. loosewire

    Thread Starter AAC Fanatic!

    Apr 25, 2008
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    The company offers 401 k plus 529 savings,education $4000.00
    per year,training,flexible spending account-dependant care and medical
    plus much more ,what a job even more benefits.What is a 529 saving plan.
     
    Last edited: Aug 20, 2009
  2. jpanhalt

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    Jan 18, 2008
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    The 529 is for college/higher education of your children or grandchildren. You may also be a beneficiary, I think. There are more details than that, but that is the basics.

    The catch: they are currently state specific, so moving to different states can make them more complex. I just went with savings bonds to my grandchildren. It was after tax money, but simpler.

    Go with all of the 401k that you can possibly afford! Remember it is pre-tax, so the investment type you select will likely be different than if it were after-tax money. That is, you want growth; capital gains is meaningless as a tax advantage.

    John
     
  3. loosewire

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    Millions of american are out of work, but B.G. said to the government should let more smart people into U.S. ,he donates his money to other countries.America will never come back.When the unemployment runs out,there will be a lot homesteaders. Fla loses a 100 familys a day. I think we have a lot of old money on the forum, eng. students without much hope of finding good jobs Dubia will put you in prison
    If you have popies seed from dinner roll in your blood,no tolerants according to there
    website. Stand to be corrected.
     
  4. jpanhalt

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    Who or what is B.G. To me, that means Benny Goodman. I love Benny Goodman.

    As for the US, we will come back as a capitalistic democratic republic, if we are allowed to. If you see socialism and marxism in our future, then we will simply run out of money, like every other nation that has gone that route.

    Finally, what in the world do you mean by "old money?" None of us who labor with our hands to make a living are "old money."

    John
     
  5. AlexR

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    Jan 16, 2008
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    You like the US owing China about $20.5 Billion???
     
  6. JoeJester

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  7. jpanhalt

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    That would be great and easily managed in the course of business.

    John
     
  8. loosewire

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    Apr 25, 2008
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    I have not read anything or viewed anything that says any machines
    will ever return.When people get tried of the toys and the expense involved
    and the economy game.The same people that made a profit from all the investments
    are still there waiting for people to buy stocks and and the junk paper by another name.
    The stimulas bailed out pension plans just enough to keep people in for the
    next fall.I think the reason you don't hear more about losses Is because the benefits
    were free in peoples checks,not there bill money,not there real salary.So they wait
    for retirement. There a class of vested employees that run the spectrum of the total
    work place that is helpless,they are happy to have the good jobs and feal snugg.
    You have to have certain things to substain live,they are the economy.
     
    Last edited: Aug 21, 2009
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