Money Matters
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
who knows about 529 acounts?
I have been planning to start a 529 account since M was born. I am clearly procrastinating. I keep getting stuck on whether I should do a national one or a state one. I am in Wisconsin and it seems that going through edvest is my only state option. Otherwise I have looked at Sallie Mae's national one. That is as far as I get. I'm unclear if the tax advantage will be the same for state vs national.
Help.
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Re: who knows about 529 acounts?
For specifics, you should consult an accountant regarding tax-related questions as everyone's scenario is different.
But, in general, contributions to 529's are tax deductible.
We live in MN and we have our DS's and DD's 529's in NV. You do not have to choose the one for the state in which you live.
In fact, you may want to research the most popular state 529's and see how they are performing and base your decision on that.
http://www.savingforcollege.com/intro_to_529s/name-the-top-7-benefits-of-529-plans.php
You need to look into the states in which you are interested in to find out your answers. And, like I said, in general 529 contributions are tax deductible, but since everyone's financial picture is different, you should consult an accountant if you still have questions.