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EconProf.
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March 11, 2011 at 4:02 PM #676102March 11, 2011 at 4:21 PM #676780
an
Participant[quote=Scarlett]Doesn’t Coverdell have a limit for the parents income ($95K single, 190K joint)?[/quote]
For married taxpayers filing jointly, the $2,000 contribution limit begins to be phased out when modified AGI exceeds $190,000, and is completely phased out when modified AGI reaches $220,000. For all other taxpayers the $2,000 contribution limit begins to be phased out when modified AGI exceeds $95,000, and is completely phased out when modified AGI reaches $110,000.March 11, 2011 at 4:21 PM #676112Participant[quote=Scarlett]Doesn’t Coverdell have a limit for the parents income ($95K single, 190K joint)?[/quote]
For married taxpayers filing jointly, the $2,000 contribution limit begins to be phased out when modified AGI exceeds $190,000, and is completely phased out when modified AGI reaches $220,000. For all other taxpayers the $2,000 contribution limit begins to be phased out when modified AGI exceeds $95,000, and is completely phased out when modified AGI reaches $110,000.March 11, 2011 at 4:21 PM #676918Participant[quote=Scarlett]Doesn’t Coverdell have a limit for the parents income ($95K single, 190K joint)?[/quote]
For married taxpayers filing jointly, the $2,000 contribution limit begins to be phased out when modified AGI exceeds $190,000, and is completely phased out when modified AGI reaches $220,000. For all other taxpayers the $2,000 contribution limit begins to be phased out when modified AGI exceeds $95,000, and is completely phased out when modified AGI reaches $110,000.March 11, 2011 at 4:21 PM #676169Participant[quote=Scarlett]Doesn’t Coverdell have a limit for the parents income ($95K single, 190K joint)?[/quote]
For married taxpayers filing jointly, the $2,000 contribution limit begins to be phased out when modified AGI exceeds $190,000, and is completely phased out when modified AGI reaches $220,000. For all other taxpayers the $2,000 contribution limit begins to be phased out when modified AGI exceeds $95,000, and is completely phased out when modified AGI reaches $110,000.March 11, 2011 at 4:21 PM #677262Participant[quote=Scarlett]Doesn’t Coverdell have a limit for the parents income ($95K single, 190K joint)?[/quote]
For married taxpayers filing jointly, the $2,000 contribution limit begins to be phased out when modified AGI exceeds $190,000, and is completely phased out when modified AGI reaches $220,000. For all other taxpayers the $2,000 contribution limit begins to be phased out when modified AGI exceeds $95,000, and is completely phased out when modified AGI reaches $110,000.March 11, 2011 at 6:21 PM #676795equalizer
Participant[quote=flu]I setup a 529 plan and have reached my target amount there.
[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?Harvard/Stanford/Cal Tech $50-52K per year.
March 11, 2011 at 6:21 PM #676933Participant[quote=flu]I setup a 529 plan and have reached my target amount there.
[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?Harvard/Stanford/Cal Tech $50-52K per year.
March 11, 2011 at 6:21 PM #676127Participant[quote=flu]I setup a 529 plan and have reached my target amount there.
[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?Harvard/Stanford/Cal Tech $50-52K per year.
March 11, 2011 at 6:21 PM #677277Participant[quote=flu]I setup a 529 plan and have reached my target amount there.
[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?Harvard/Stanford/Cal Tech $50-52K per year.
March 11, 2011 at 6:21 PM #676184Participant[quote=flu]I setup a 529 plan and have reached my target amount there.
[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?Harvard/Stanford/Cal Tech $50-52K per year.
March 11, 2011 at 8:50 PM #676983
CoronitaParticipant[quote=equalizer][quote=flu]I setup a 529 plan and have reached my target amount there.
[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?Harvard/Stanford/Cal Tech $50-52K per year.[/quote]
No shit shirlock. So is an ivy league school. I know from experience….
And for your information, 1 kid, 5 years old. And there’s we’re half way there if you count both the ugma and the 529…
The 529 plan you can’t “pick stock”, you have a limited selection of “funds which charges higher fees…Which may/may not offset any tax advantage of “saving” in a 529 versus in just a taxable account (not to mention the 529 account can only be used for select education expenses…though the beneficiary is entirely transferable if you don’t end up using it. It’s great if you have more than one kid. I don’t plan on having one, so it’s not worth the risk for me to over contribute because to withdraw an amount for non-educational use incurs huge penalties. If you really want to know what’s selected in the fund its the usual boring
Vanguard Total International Stock Index Portfolio
Vanguard Total Stock Market Portfolio
Vanguard Income Portfolio
Vanguard Aggressive Growth PortfolioI at one point had Vanguard High Yield Bond Portfolio but it had it’s run and got rid of it.
And if you’re asking where the funds came from…Consulting/project dollars from system designs on side gigs, which I believe 2 years ago, you were still snickering about in disbelief… while you kept mentioning your “rich friends” that you tend to namedrop were going to outsource everything to India…We(my colleagues) found out that while many folks know how to read droiddocs from the SDK, very few people have no clue on internals….. Android’s doing very well, thank you very much for checking up on that…But I didn’t need a “business” person with no clue to tell me this two years ago nor do I need the same business people to tell me where things are about to saturate and fall over … 🙂
March 11, 2011 at 8:50 PM #676177CoronitaParticipant[quote=equalizer][quote=flu]I setup a 529 plan and have reached my target amount there.
[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?Harvard/Stanford/Cal Tech $50-52K per year.[/quote]
No shit shirlock. So is an ivy league school. I know from experience….
And for your information, 1 kid, 5 years old. And there’s we’re half way there if you count both the ugma and the 529…
The 529 plan you can’t “pick stock”, you have a limited selection of “funds which charges higher fees…Which may/may not offset any tax advantage of “saving” in a 529 versus in just a taxable account (not to mention the 529 account can only be used for select education expenses…though the beneficiary is entirely transferable if you don’t end up using it. It’s great if you have more than one kid. I don’t plan on having one, so it’s not worth the risk for me to over contribute because to withdraw an amount for non-educational use incurs huge penalties. If you really want to know what’s selected in the fund its the usual boring
Vanguard Total International Stock Index Portfolio
Vanguard Total Stock Market Portfolio
Vanguard Income Portfolio
Vanguard Aggressive Growth PortfolioI at one point had Vanguard High Yield Bond Portfolio but it had it’s run and got rid of it.
And if you’re asking where the funds came from…Consulting/project dollars from system designs on side gigs, which I believe 2 years ago, you were still snickering about in disbelief… while you kept mentioning your “rich friends” that you tend to namedrop were going to outsource everything to India…We(my colleagues) found out that while many folks know how to read droiddocs from the SDK, very few people have no clue on internals….. Android’s doing very well, thank you very much for checking up on that…But I didn’t need a “business” person with no clue to tell me this two years ago nor do I need the same business people to tell me where things are about to saturate and fall over … 🙂
March 11, 2011 at 8:50 PM #676234CoronitaParticipant[quote=equalizer][quote=flu]I setup a 529 plan and have reached my target amount there.
[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?Harvard/Stanford/Cal Tech $50-52K per year.[/quote]
No shit shirlock. So is an ivy league school. I know from experience….
And for your information, 1 kid, 5 years old. And there’s we’re half way there if you count both the ugma and the 529…
The 529 plan you can’t “pick stock”, you have a limited selection of “funds which charges higher fees…Which may/may not offset any tax advantage of “saving” in a 529 versus in just a taxable account (not to mention the 529 account can only be used for select education expenses…though the beneficiary is entirely transferable if you don’t end up using it. It’s great if you have more than one kid. I don’t plan on having one, so it’s not worth the risk for me to over contribute because to withdraw an amount for non-educational use incurs huge penalties. If you really want to know what’s selected in the fund its the usual boring
Vanguard Total International Stock Index Portfolio
Vanguard Total Stock Market Portfolio
Vanguard Income Portfolio
Vanguard Aggressive Growth PortfolioI at one point had Vanguard High Yield Bond Portfolio but it had it’s run and got rid of it.
And if you’re asking where the funds came from…Consulting/project dollars from system designs on side gigs, which I believe 2 years ago, you were still snickering about in disbelief… while you kept mentioning your “rich friends” that you tend to namedrop were going to outsource everything to India…We(my colleagues) found out that while many folks know how to read droiddocs from the SDK, very few people have no clue on internals….. Android’s doing very well, thank you very much for checking up on that…But I didn’t need a “business” person with no clue to tell me this two years ago nor do I need the same business people to tell me where things are about to saturate and fall over … 🙂
March 11, 2011 at 8:50 PM #677327CoronitaParticipant[quote=equalizer][quote=flu]I setup a 529 plan and have reached my target amount there.
[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?Harvard/Stanford/Cal Tech $50-52K per year.[/quote]
No shit shirlock. So is an ivy league school. I know from experience….
And for your information, 1 kid, 5 years old. And there’s we’re half way there if you count both the ugma and the 529…
The 529 plan you can’t “pick stock”, you have a limited selection of “funds which charges higher fees…Which may/may not offset any tax advantage of “saving” in a 529 versus in just a taxable account (not to mention the 529 account can only be used for select education expenses…though the beneficiary is entirely transferable if you don’t end up using it. It’s great if you have more than one kid. I don’t plan on having one, so it’s not worth the risk for me to over contribute because to withdraw an amount for non-educational use incurs huge penalties. If you really want to know what’s selected in the fund its the usual boring
Vanguard Total International Stock Index Portfolio
Vanguard Total Stock Market Portfolio
Vanguard Income Portfolio
Vanguard Aggressive Growth PortfolioI at one point had Vanguard High Yield Bond Portfolio but it had it’s run and got rid of it.
And if you’re asking where the funds came from…Consulting/project dollars from system designs on side gigs, which I believe 2 years ago, you were still snickering about in disbelief… while you kept mentioning your “rich friends” that you tend to namedrop were going to outsource everything to India…We(my colleagues) found out that while many folks know how to read droiddocs from the SDK, very few people have no clue on internals….. Android’s doing very well, thank you very much for checking up on that…But I didn’t need a “business” person with no clue to tell me this two years ago nor do I need the same business people to tell me where things are about to saturate and fall over … 🙂
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