re: Louisiana 529b K12

quote:

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Do you have to have a child to start one? I thought you could open one prior to birth and then change beneficiary from yourself to the child.

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You can, but some people might not be willing to do this if they don't actually have kids yet. Because if you don't have kids, then you either need to pull the money out (earnings would be taxed, plus potential penalty) or gift the plan to someone with a kid.