[TWITTER]https://twitter.com/BerniceWBZ/status/1052195655463129088[/TWITTER]
No. You're ugly.
No. You're ugly.
I'm not making this up
- Thread starter vraiblonde
- Start date
Yooper
Up. Identified. Lase. Fire. On the way.
Talk about a government program being a waste of money and a government hashtag being absolutely inappropriate.... Seed? Deposit? Surprised no one mentioned that the program would be spermanent. Or that MA didn't rename its 529 accounts G Spots.
--- End of line (MCP)
--- End of line (MCP)
littlelady
God bless the USA
Yooper
Up. Identified. Lase. Fire. On the way.
You’re punny.
In light of the #MeToo movement, the whole PR campaign is actually stunning (and not in a good way).
--- End of line (MCP)
littlelady
God bless the USA
Got to keep a sense of humor in these crazy times. At least, what is ‘left’ of it. How did I do?
I just had to make a deposit in an out-of-town credit union to keep my account open. Can they do that with 529 accounts?
Chris0nllyn
Well-Known Member
Got to keep a sense of humor in these crazy times. At least, what is ‘left’ of it. How did I do?
I'm curious, as you've posted things like this for years now, do you really think things are that bad?
Chris0nllyn
Well-Known Member
I agree it's a dumb name and sounds like some "Social Media Department" intern wrote it up as a joke on their last day and Oldylocks there thought it was a good slogan.
However, seed money is a very common term.
The MA 529 plan uses Fidelity-managed mutual funds, index funds, or multi-firm funds with life-of-portfolio returns of 16.44%, 14.55%, and 15.4%, respectively (2036 plan). So, $50 would actually be closer to $400 (give or take)
littlelady
God bless the USA
Hijinx
Well-Known Member
I have no idea.
Yooper
Up. Identified. Lase. Fire. On the way.
Got to keep a sense of humor in these crazy times. At least, what is ‘left’ of it. How did I do?
^ +1
I like it!
Yooper
Up. Identified. Lase. Fire. On the way.
I'm not disputing "seed money" is a common term. However, "Seed MA baby"? As in "Sperm my baby"? A horrible pun/double entendre. Not to mention the sensitivity these days about #MeToo, Kavanaugh, etc. It seems to me to be really tone deaf and rather crass.
--- End o line (MCP)
And I'm sure they'll somehow make it Trumps fault by the time the nightly news comes on.
Chris0nllyn
Well-Known Member
Yes. How are you?
Fair enough. I'm great!
Gotcha. As I said, it's a dumb slogan and looks like a joke by some outgoing intern that stuck with an out of touch group of politicians.
Most bizarre that the government of a northeastern state that prides itself in education would use a contraction from southern ebonics to promote an educational program.
I dont know who actually runs the program, but some of the 529 custodians have been known to deplete their customer accounts through churning and high fees. This was most egregious with 'hands off' customers who had small accounts and didn't take an active role in managing the funds. So yes, if the custodian has low fees, puts the money into one of the fidelity target funds and doesn't get their grubby fingers in it, the 'seeded' kid will have just enough money to pay for 1/4 a credit.
I am all in favor of educational accounts for kids, but 529s just promote the 'college for everyone' myth (as that is pretty much all you can use them for). If someone pursues other educational opportunities like learning a trade, they should be eligible to use the funds balance for the cost of vocational training, tool purchases etc.
BOP
Well-Known Member
I heard they were going to call it the "Who's Your Daddy?" fund, but there's such a thing as too much honesty.