But he now had extra incomefrom moonlighting and wondered whether he should use it to fund a tax-deductible SEP-IRA (a special individual retirement account for the self-employed), or should pour his extra savings into the 529s.
So I watch my investments drop or return 1% while I pay 5% to the bank and if I use any money from my retirement fund to pay the mortgage it gets taxed as income and I get hit with a 10% penalty.