03-30-2007, 07:30 PM
| |||
| |||
 Re: Can I use one 529 plan for two children? On Mar 30, 3:02 pm, "Joe" <joe5...[at]gmail.com> wrote: - quote - > or can that money only go to the child named on the acct?
There can only be one beneficiary AT A TIME. But you can change thebenficiary at will, as long as the new beneficiary is a qualified family member. I don't know how often you can change the beneficiary. If there's no limit, maybe you could essentially "multiplex" a single 529 plan to cover two children. --Bill |
|
#-1
03-30-2007, 07:02 PM
| |||
| |||
| Can I use one 529 plan for two children? or can that money only go to the child named on the acct? |
| Tags |
| 529, children, plan |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Deferral Limits - participant in both SIMPLE plan and 403(b) plan jameszenk@yahoo.com: I have a client who is a school teacher and also works for her husband's firm. The school system has a 403(b) plan. Her husband's firm has a... | Taxes | 1 | 12-17-2006 10:21 PM | |
| can I use the same 529 for both children? Joe: or do I need to create a seperate one for both? Also, If I move from one state to another do I need to change my 529 to the new state? | Financial Planning | 1 | 12-11-2006 07:11 PM | |
| Income of children Fuli Chang: My daughter is a 18-year-old college student. She made $2,100 in 2003 from working (Form W-2), and $2,871 scholarship (Form 1098-T). We... | Taxes | 1 | 03-01-2004 05:49 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
