Your argument about the income tax deduction being over rated is the same old garbage that every other person on this forum has already stated. What if I have 3 kids getting ready to go to college smarty pants. That mound of cash gets fully incorporated into the Financial Aid formula and I get little or no assistance. Real estate on the other hand does not . So I can be house rich and cash poor and now my educational costs get cut in half. Combine this benefit with the tax deduction and things start to make more sense. I have yet to see enyone mention this as a benefit. Oh I guess that everyone has just been super planners of the world and fully paid for there kids college tuition by funding the 350 a month in their kids 529 account and have been fortunate enought to get 10% year over year rate of returns. The tax deduction being overrated is garbage. It is a component that is extremely important. It is like saying that taxes are unimportant when buying and selling stocks. Is it the only variable to consider. Of course not. Is it important. Over time you bet.
There is something new for you. Now tell me financial aid is overrated and start complaining about how your kids are being deprived because you are doing well.
