[quote=spdrun]Some of us attended state schools on the East Coast and liked it just fine. You won’t be attending the school, the kid will be. Private schools are overrated.
Also, AGI can be adjusted below $120k for a few years to meet “standards” — if you have paid off homes, take a pay cut. The rich play the subsidy game, why not the middle class?[/quote]
But you admitted on a different thread you attended an expensive private school… So what do you mean by “some”?
Not only are you giving out advice for something you didn’t do. You are giving out advice for kid and family you currently don’t have for now or for the foreseeable future with an AGI you probably don’t have too.
If this isn’t the most ridiculous thing ever, I dont know what is. Anyone with a shred of logic would see it the same way.
OP asked a very simply question. OP probably already put a lot of thought into it. OP isnt asking for a what you think about public schools in New York. For all we know there might be very specific reasons why he or she isn’t interested. And given that he/she is only talking about starting a 529k account, it means his/her kid are young and a lot of things can happen from now until then. For example, your foolish idea of counting taking a lower AGI just into a public school in New York could completely blow up 16-18 years later when his/her kid actually is old enough to attend and when, due to state budgets, free isn’t free because the state runs out of money. You don’t know, and as a parent you would be stupid to count on any state assistance that currently exists today to still be there 16-18 years later, especially of you are the borderline of being middle class and reasonably well off by admissions standard. This is the sort of stupid short sightedness that 80+% of the American population make thinking future benefit will be there and find out it’s not and, well, get screwed. It’s the same inane foolishness similar to waiting for that one big investment score while it’s been proven time and time again proper long term planning, small investment decisions along the way, on average trounces those one shot, one hit, one time big bang investments people try to score only to be wrong and get left behind because one’s single time gamble blew up and didn’t occur the way one wanted. There is no replacement for well planned , well thought out, small, decisions over a longer period of time that limits single instance big risk and uncertainty even if at any instance in time the world briefly blows up.
The only exception is if you really are poor, and then you have nothing to lose, which would defeat the entire point of this discussion because some who really is poor wouldn’t be thinking about a 529k plan.
Is it really that difficult for to answer a simple question asked by the OP and nothing else?
