I am looking for a way for the contributions to be pre-tax, if at all possible.
If I get a deduction NOW, I am more likely to do it. If I am restricted how the money is spent later, I want a deduction now. If there are fewer restrictions on back end (no 10% penalties), then I could contribute post tax.
But why contribute post tax to pay a 10% penalty (that money was already taxed) if education is not in the cards for the child?
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