John Deloney
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Um, I mean, if the money is used for education expenses, there shouldn't be, there shouldn't be an issue.
Now, what you said about financial aid, um,
I'm not sure what you're trying to β I wouldn't play that game at all anyway, yeah.
I'm not sure what you're trying to accomplish there.
Okay, got it.
The goal would be pay cash, use the 529s, use them up, and be grateful to whoever's contributed.
There shouldn't be if they're using it for education expenses.
Now, if they're just pulling it out, I mean, if you're pulling it out, you're going to be on a 10% penalty for sure, and that's going to be income taxed.
Well, I was going to ask your hot take on 529s.
What do you think about when you are with friends and it's like a gift-giving situation, like a birthday or Christmas, and they're like, just give to my kids 529 plan.
And they're like sending you a link.
Good or bad?
Yay or nay?
I think it's tacky.
Yeah.
I know someone who's done it.
I may have hosted with them.
You got to do what you got to do.
You got to do what you got to do.
That's all I'm going to say.