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re: Coverdell vs 529 differences???

Posted on 3/23/15 at 9:26 am to
Posted by poochie
Houma, la
Member since Apr 2007
6350 posts
Posted on 3/23/15 at 9:26 am to
Looking at the 529, the benefits for me are negligible.

What about a custodial account? Pros/cons?
Posted by DanglingFury
Living the dream
Member since Dec 2007
20449 posts
Posted on 3/23/15 at 8:58 pm to
quote:

What about a custodial account? Pros/cons?


like an UTMA/UGMA? can be used for anything, not just education. no tax deduction. not tax deferred. subject to kiddie tax exemption. turned over to kid's name at age of majority (18 in LA).
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