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His income when his kids apply for college financial aid will be the major factor. 529 plan isn't any more than a 401K with post-tax dollars. Only advantage is it can be withdrawn for education... even so. The kids van learn to manage their money with a 529 plan....just another investment.
Federal backed school loans are cheap. My kids will get scholarships or they will get loans. They have to have a stake in their success. I will help a little but I will not allow them to waste my money on an unmarketable degree.
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