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re: Louisiana 529 Start & Start K12 Program

Posted on 1/8/24 at 8:28 pm to
Posted by Sgt_Lincoln_Osiris
Baton Rouge
Member since Dec 2014
1078 posts
Posted on 1/8/24 at 8:28 pm to
Might need someone to confirm this, but I just opened two in November.

$2400 is tax deductible per person. So you can do $2400 and grandma could do $2400, etc.

When you open it, you choose how you want to seed it, whether recurring direct deposits or mailed in checks.

You pick where you want to allocate/invest the funds.

They just changed the Roth IRA rules so after college they can roll over up to $35k lifetime if they haven’t exceeded the yearly contribution limits. If there’s still any leftover after that, they can pass it on to their children.
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