I think it’s slightly more general than you suggest, because the “tax” is so high. For example, if you’re trying to decide whether to buy a larger house or invest the difference in a 529 plan, it could be a better idea to buy a larger house.
I went to one of these schools, and my parents noted at the time that under the right circumstances, they might have saved money by buying a fancy car “instead of” saving for my college.
Thanks for your response.
I think it’s slightly more general than you suggest, because the “tax” is so high. For example, if you’re trying to decide whether to buy a larger house or invest the difference in a 529 plan, it could be a better idea to buy a larger house.
I went to one of these schools, and my parents noted at the time that under the right circumstances, they might have saved money by buying a fancy car “instead of” saving for my college.