my CPA said there is no tax benefit for 529. We still need to pay federal income tax even we buy 529. Is it true?

大家每個月都固定放多少錢進去呢?lg說以我們目前的收入...一個月也只能放個50吧......他說完50,我兩都笑了!!哈哈

[此贴子已经被作者于2008-7-17 9:34:23编辑过]

i assume he means 529 is after-tax contribution,
which means, the money you put into 529 has already
been paid tax.

some investment, like traditional IRA, you are allowed
to do pre-tax contribution..

50 bucks/month is not bad for beginning, think about at least 10 more years
before your kids go to college,
also the potential salary increase in the future, you can always increase your
contribution down the road.

good luck...  i m just a financial rep, not something big....
any one from houston area, i can handle 529 need.