Weekly Discussion: 1 January 2024 (lemmy.world)

submitted 10 months ago by andocas@lemmy.world to c/fire@lemmy.ml

11 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] karpintero@lemmy.world 4 points 10 months ago

529s are great. And now you can roll excess funds into a Roth if your child doesn't use all the money for school, which makes them even more flexible. New 529 changes.

[-] sugar_in_your_tea@sh.itjust.works 4 points 10 months ago

Yeah, but that's not particularly useful for me since I'll be retired by then, and thus won't likely have any earned income. So paying income tax on the gains isn't particularly attractive when I'll be in the 0% capital gains bracket when I go to sell.

It's a pretty cool benefit, but not as interesting to early retirees.