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re: Kid's money
Posted on 2/24/24 at 7:54 pm to Helo
Posted on 2/24/24 at 7:54 pm to Helo
quote:
Another option is put all of it into a 529 for college. With the new rules, they can convert up to a certain $ amount (I think 30k) into a Roth if not spent on qualified expenses.
If they’ve had the account for 15 years. Kinda risky unless they have had 529 since birth
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