Ok, I'll bite.
I will do this as soon as I have a kid.
Let's say i max it out and little Timmy is smart as a whip and gets a full ride. He doesn't need mommy and daddy's money. To withdraw the 100K or so, I assume if it wasn't going towards education expense it incurs capital gains?
I will do this as soon as I have a kid.
Let's say i max it out and little Timmy is smart as a whip and gets a full ride. He doesn't need mommy and daddy's money. To withdraw the 100K or so, I assume if it wasn't going towards education expense it incurs capital gains?