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re: 529 START Funds

Posted on 8/28/22 at 9:20 pm to
Posted by thegreatboudini
Member since Oct 2008
6604 posts
Posted on 8/28/22 at 9:20 pm to
quote:

Is there a way to start an account for a child that hasn’t been born yet? My wife is pregnant, and would like to start a 529 as soon as possible.


Unfortunately not. You need the child's SSN to open the account.

Our first will be born next week, and I've got all my ducks in a row to open the Vanguard account when we get home from the hospital.
Posted by jsk020
Nola
Member since Jan 2013
1710 posts
Posted on 8/28/22 at 9:48 pm to
Yes open a 529 with yourself as the beneficiary and then when the baby is born switch it to the baby. I just did this
Posted by fjlee90
Baton Rouge
Member since Nov 2016
8004 posts
Posted on 8/29/22 at 8:50 am to
quote:

Unfortunately not. You need the child's SSN to open the account.

Our first will be born next week, and I've got all my ducks in a row to open the Vanguard account when we get home from the hospital.


Another question... My mother in law is retired. Is it possible for her to open the accounts and receive the better match from the state? As it stands she could collect a significantly better match than my wife and I.
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