ESA with low income

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TheHouse7
Posts: 229
Joined: Fri Jan 13, 2017 2:40 am

ESA with low income

Post by TheHouse7 » Wed Nov 22, 2017 1:28 pm

I just got done convincing my DW to max tax advantaged accounts for 2018.

Our income will be 80k

401k-18,500
Tira-5,500(deductible at our income level???)
Roth-5,500

Does an ESA or 529 make sense for our new born? I think we can handle 2k for an ESA, but don't know if it is resonable at our income level.

I don't know that much about either plan.
"PSX will always go up 20%, why invest in anything else?!" -Father-in-law early retired.

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