Thanks for submitting this. You talk about the withdrawals being taxable, but I think it should be made clear that it is only the grant and return on investment (eg. interest) that is taxable as the original contributions are made with after-tax money.
My question had to do with the return (interest) on the grants if the kid doesn't go to school. I understand the grants need to be returned, but what about the money that was made with those grants. Do they need to be returned? Is it, therefore, important to track that money separately?
I don't know why I'm so concerned about it, as I'm certain my kids will go to a post-secondary school of some kind. It is just the one thing I'm unclear on.
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