There’s a Common Way to Save Up to Send Your Kid to College. It Might Not Work for Us.
A parent is reconsidering the use of a 529 plan for their autistic daughter’s future education. The flexibility of 529 plans allows for various uses beyond traditional college expenses. The advice suggests that continuing to save in a 529 plan remains a viable option despite uncertainties about the daughter's educational path.
- ▪The parent has been saving in a 529 plan since their daughter was an infant.
- ▪There are options available for using 529 funds if college is not pursued, including K-12 expenses and vocational schools.
- ▪The rules around 529 plans are subject to change, so it's advisable to stay informed through the IRS's 529 page.
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Pay Dirt There’s a Common Way to Save Up to Send Your Kid to College. It Might Not Work for Us. Advice by Kristin Wong May 20, 20266:00 AM Photo illustration by Slate. Photo by AndreyPopov/Getty Images Plus. Copy Link Share Share Comment Copy Link Share Share Comment Pay Dirt is Slate’s money advice column. Have a question? Send it to Kristin and Ilyce here. (It’s anonymous!) Dear Pay Dirt, We’ve been saving into our state’s 529 plan since our 5-year-old daughter was an infant. But as we learn more about my daughter, I’m questioning if a 529 plan is really where we should be putting our money for her future. Our daughter is autistic and currently in a special education class. It’s possible our daughter might go to college after high school.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Slate Magazine.
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