/biz/ - Business & Finance

[Anonymous No.57327468]

>going over taxes
>reporting on 529's.
>realize I've been consistently getting 10% returns on 529's for kids ever since I started them
>Mfw LITERALLY all you have to do to give your kid a full ride to college, is just dump the 2k child tax credit, which you only get BECAUSE you have a kid, into the 529.
>After 18 years that's about 90k, assuming you do no other contributions and the kid doesn't take a year off, which if he does would put them firmly into 100k college fund.

There is an excuse for parents of millennials as these programs only started rolling out in the late 90s, but parents of zoomers and gen alpha have zero excuse for not being able to give their kids full university tuition. It takes zero effort on their part.
It seems so ridiculous I think there must be a catch to this beyond normal market risk. Both my kids (5,3) had 10k in their accounts shortly after they were born, and I've been dropping in 2k a year after tax season, but it honestly looks like after age 8 I could stop giving them any money and they'd be set.
Maybe someone here can enlighten me on the drawbacks and grift that I'm subjecting myself to, because I really can't find any.

[Anonymous No.57327491]

>>57327468
>paying money so your kids can go to the jewish indoctrination place and become good goyim

[Anonymous No.57327516]

>>57327468
FUCK OFF LIBTARD
MY KIDS WILL BE WORKING IN THE COALMINE ONCE THEY TURN 16

[Anonymous No.57327517]

>nigga im NUTS