Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

1
529 Savings Plan questions: Should both my spouse and I open?
Author Summary
animalc00kies is age 52
Post Body

Hello! I'm married, in CA, and with three kids.

  1. I was planing to go with Vanguard over the CA state plan, because I don't think there is any tax benefit from CA.

  2. I thought I had read somewhere in the past that there may be a slight advantage to opening accounts in the parents' name instead of the kids, for financial aid eligibility I think. Does this sound right?

  3. It seems like the annual limit is effectively $17K per parent here, before triggering gift taxes. Unless I use a front-loading strategy. I imagine front-loading is generally recommended?

Thank you in advance!

Author
Account Strength
100%
Account Age
8 years
Verified Email
Yes
Verified Flair
Yes
Total Karma
275
Link Karma
107
Comment Karma
168
Profile updated: 6 days ago
Posts updated: 9 months ago
​

Subreddit

Post Details

Age
52
We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
1 year ago