re: Savings Plan for Children - 529 vs. Other Options

Keep in mind you can also roll any unused funds towards the grandkids at no penalty. Between all the different avenues to get your money back out and now this new IRA rollover option there really is no risk in my opinion. We have three kids and have been contributing $400 per month per kid to the LA start since the day they were born. If it’s looking extremely overfunded at some point I may stop making payments when they reach high school but I doubt it. I’d love it if my kids got a full ride somewhere and I was able to roll their entire account over for their children.