physicsfactor
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- Joined
- Oct 22, 2012
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Any of you fellas have a 529 plan for your kiddo's college education? My financial guy is suggesting it.
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SignUp Now!bfactor said:Maybe an ESA then? I think contribution limits are lower and you may need to supplement it, but they always looked like a better deal to me.
*I haven't studied it closely, for obvious reasons
It depends on your state, some states allow you to deduct your donations up to $10k against your state income taxes, some don't at all. But generally most (if not all) should allow any earnings from it to be tax deferred and ultimately tax free if it goes to pay higher education costs, so from that perspective is a good thing. If your state doesn't allow you to deduct against it, I'd look for the state plan that has the most comprehensive investment options because you can pretty much open up one in any state regardless of where you live.aiw said:Nope. In NC, since 2012, I think you have to pay taxes on it, so makes no sense for us.
physicsfactor said:My wife delivered little Cameron (named for Lhys) yesterday evening after a fairly lengthy labor. When it came time to push, ish got very intense. This is our first kid, and if I had to do that pregnancy and labor stuff, ain't no way I would be having a second child. I know it sounds stupid because I already understood that stuff is difficult, but I have a newfound respect for women after witnessing all that up close. I'm convinced the world wouldn't have any population issues if men had to go through that.
What a gift for Easter as well. Excellent! Congratulations!!!! Always glad to hear when delivery goes relatively smoothly. We tried to deliver naturally, but ran into some complications and ended up having to do a c-section.physicsfactor said:My wife delivered little Cameron (named for Lhys) yesterday evening after a fairly lengthy labor. When it came time to push, ish got very intense. This is our first kid, and if I had to do that pregnancy and labor stuff, ain't no way I would be having a second child. I know it sounds stupid because I already understood that stuff is difficult, but I have a newfound respect for women after witnessing all that up close. I'm convinced the world wouldn't have any population issues if men had to go through that.
rhfarmer said:Congrats man, stoked for you! My wife is due in 6 days, I'm a little freaked out.
Thain said:Congrats peef! I'm going to have to get advice from you and farmer in about 6 weeks when my wife is due.
This is what killed me. My wife's water broke around 11pm when we had just gone to bed; we were at the hospital by 12:45am; but she didn't start pushing until 6:30pm. So we had been awake for about 36 hours when she started pushing.dkst0426 said:rhfarmer said:Congrats man, stoked for you! My wife is due in 6 days, I'm a little freaked out.Thain said:Congrats peef! I'm going to have to get advice from you and farmer in about 6 weeks when my wife is due.
You guys will be fine. Just be well-rested.