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re: 529 Plans - Are they worth the investment for Children?

Posted on 8/3/20 at 10:04 pm to
Posted by Ann Arbor Tiger
Land of "GO BLUE"
Member since Jan 2004
184 posts
Posted on 8/3/20 at 10:04 pm to
Assets are counted toward whoever owns the account. If a parent owns it for the kid, assets are counted as parents. If grandparents own it for grandchild, assets are grandparents.
Posted by AlxTgr
Kyre Banorg
Member since Oct 2003
81738 posts
Posted on 9/3/20 at 9:55 am to
My child gets his mother's SS benefits. I am putting that exact amount in the 529. Do I own it? I mean, it's his money-I guess.
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