Search found 12 matches

by CrownVic
Wed Aug 16, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: DC 529 Plan vs other states'
Replies: 17
Views: 1023

Re: DC 529 Plan vs other states'

Thank you all so much for the responses. Taking this into consideration, I think that in my case DC's 529 plan will be the best route to go since I'm almost positive that I will still be here in 2 years time. It's a shame the $10k isn't available to graduate students, but I'll just have to make do w...
by CrownVic
Mon Aug 14, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: DC 529 Plan vs other states'
Replies: 17
Views: 1023

Re: DC 529 Plan vs other states'

my understanding is that a DC resident is entitled to in state rates at any state I've only been living here for a year but I have heard that said, although I'm not sure whether it is true but I'll be sure to follow up as that would be very advantageous if I go to a state school So after some resea...
by CrownVic
Mon Aug 14, 2017 9:57 am
Forum: Investing - Help with Personal Investments
Topic: DC 529 Plan vs other states'
Replies: 17
Views: 1023

Re: DC 529 Plan vs other states'

Simplified. ... Since you are living in D.C., open D.C. 529 plan. Once you move, open a 529 plan in new location if you get a tax benefit, otherwise find lowest cost plan offered. For simplicity, roll D.C. 529 into new plan if cost are lower. When going to school, use any and all 529 funds to pay f...
by CrownVic
Mon Aug 14, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: DC 529 Plan vs other states'
Replies: 17
Views: 1023

Re: DC 529 Plan vs other states'

3feetpete wrote: ↑
Sat Aug 12, 2017 6:05 pm
my understanding is that a DC resident is entitled to in state rates at any state
I've only been living here for a year but I have heard that said, although I'm not sure whether it is true but I'll be sure to follow up as that would be very advantageous if I go to a state school
by CrownVic
Fri Aug 11, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: DC 529 Plan vs other states'
Replies: 17
Views: 1023

Re: DC 529 Plan vs other states'

main reason for sticking with the DC plan is the probably tax deduction. PS- in your case, planning to move, not sure DC plan is in your long term interest. Usually you have to give any tax deduction back if you transfer out later. Since the tax deduction is an attractive feature, would it potentia...
by CrownVic
Thu Aug 10, 2017 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: DC 529 Plan vs other states'
Replies: 17
Views: 1023

Re: DC 529 Plan vs other states'

main reason for sticking with the DC plan is the probably tax deduction. PS- in your case, planning to move, not sure DC plan is in your long term interest. Usually you have to give any tax deduction back if you transfer out later. Since the tax deduction is an attractive feature, would it potentia...
by CrownVic
Wed Aug 09, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: DC 529 Plan vs other states'
Replies: 17
Views: 1023

DC 529 Plan vs other states'

I'm a recent post-undergraduate, having been in the workforce for a year at this point. I'm considering going to business school within the next 10 years, probably sooner. I noticed that progressively more people have been saving for business/grad school with 529 plans. I live in DC but am planning ...
by CrownVic
Mon Jul 31, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k) Conversion to Roth IRA while still in a low tax bracket?
Replies: 15
Views: 1280

Re: 401(k) Conversion to Roth IRA while still in a low tax bracket?

retiredjg wrote: early retirement for many


How would this affect it? Would a Roth still not be advantageous in that situation?
by CrownVic
Mon Jul 31, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k) Conversion to Roth IRA while still in a low tax bracket?
Replies: 15
Views: 1280

Re: 401(k) Conversion to Roth IRA while still in a low tax bracket?

Thank you to everyone who replied, I am obviously a novice at this but it's very nice to get some opinions from more experienced people. It definitely seems like converting into the Roth makes more sense, and even in the future as well should I change employers before I even start thinking about ret...
by CrownVic
Wed Jul 26, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k) Conversion to Roth IRA while still in a low tax bracket?
Replies: 15
Views: 1280

Re: 401(k) Conversion to Roth IRA while still in a low tax bracket?

Thanks for the information, very much appreciated. I actually looked up my bracket incorrectly, I'm in the 25% bracket and probably will stay there for the foreseeable future until maybe 5 or so years down the road with a jump into the 28% bracket. Even still, would it make more sense to still conve...
by CrownVic
Wed Jul 26, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k) Conversion to Roth IRA while still in a low tax bracket?
Replies: 15
Views: 1280

Re: 401(k) Conversion to Roth IRA while still in a low tax bracket?

Thanks for the response. As of right now I am in the 15% bracket and expect to be in it for a couple more years, but am expecting a jump into the 25%+ brackets after that. Because of that, would you say it's more likely to convert it?
by CrownVic
Mon Jul 24, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k) Conversion to Roth IRA while still in a low tax bracket?
Replies: 15
Views: 1280

401(k) Conversion to Roth IRA while still in a low tax bracket?

I know this has probably been spoken ad nauseam on here, but everything I found was for people in differing situations. For some context, I am about to end my first year with my employer, this being my first year post college graduation so I'm still in a low tax bracket (hopefully that changes in th...