Should You Have Separate 529 Plans For Your Kids?

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Should You Have Separate 529 Plans For Your Kids?

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I have one for each kid so it’s easy to show them the contributions have been the same over time. If one gets a scholarship or doesn’t need all of his, we can always move it to the other child or leave it for our future grandkids.

brianpetro
Автор

Thank you for this video. It was very informational. Suppose I live in California where there are no tax benefits for contributing to a 529, and I have multiple kids close in age, would it make sense to contribute to a single account or have separate accounts? Furthermore, would I be able to transfer a partial amount to another account if my second child decides to go to college, while my first child is already attending college?

fernandomagana
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