What Is a 529 saving plan.

Thread Starter

loosewire

Joined Apr 25, 2008
1,686
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.
 
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jpanhalt

Joined Jan 18, 2008
11,087
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
 

Thread Starter

loosewire

Joined Apr 25, 2008
1,686
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.
 

jpanhalt

Joined Jan 18, 2008
11,087
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
 

AlexR

Joined Jan 16, 2008
732
...............
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.
............................
John
You like the US owing China about $20.5 Billion???
 

Thread Starter

loosewire

Joined Apr 25, 2008
1,686
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.
 
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