Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Education Investing and other Investing topics.

When should I not contribute to a 529 fund?

When to Not Use 529 Funds

Of course you want the best for your kids, but don't sacrifice your own retirement to contribute to their 529 funds. There are grants, scholarships and low-interest student loans available to help pay for college. There are no such grants, scholarships or loans available to help you pay for your retirement. Only contribute to a 529 plan after you have reasonably high contributions to your retirement plans.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Investing Tip Site? Request a Tip Now!

Guru Spotlight

PJ Campbell

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!