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re: Louisiana 529 Start & Start K12 Program
Posted on 1/8/24 at 8:28 pm to LSUDbrous90
Posted on 1/8/24 at 8:28 pm to LSUDbrous90
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.
$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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