{ "media_type": "text", "post_content": "Should I open a 529 or a taxable brokerage account? Might go get an MBA down the line, but also would hopefully be with a company that would pay for it.", "post_id": "5fc714022a27f40021cebb56", "reply_count": 10, "vote_count": 1, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

Should I open a 529 or a taxable brokerage account? Might go get an MBA down the line, but also would hopefully be with a company that would pay for it.

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I personally felt that I trapped myself a bit early on - I put too much in my 401k and then I didn’t have the cash for the house down payment. I think it is smart to keep your options open and not lock in your funds.

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Putting in 10% rn into a 401k even tho KPMG's match sucks balls. Dropping 6k into a roth in the next week and still have a bunch leftover. Gonna save a small emergency fund, hopefully buy myself a PS5, first and last month rent for when I move (although with Covid who knows), and the rest into whatever I decide here. There's no point holding all that much in cash rn especially when this will prob be the most stable environment ill be in for a while. Cant imagine as a new hire id be kicked to the curb and I live with my parents still. No trips or experiences to spend on life and no dates to go on 😒.

Worst case you overpay your student account at the school and they cut you a check directly to you. Couple buddies of mine did that

1099-q and 1098-t would show the amounts

I guess I should have clarified. I'd probably want to save for something else like a down payment on a house with some more flexibility. Dont think a 529 would allow me to pull it depending on what I want to do. I like the idea of having some passive income from investments that I can use for other stuff as rn I'm banking 90% of my paycheck

Whole/universal life insurance?

I’d put it in a brokerage fund and invest somewhat conservatively. That way you haven’t pre-designated the money’s use before you really know.

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