529 plan grandchildren

WayOutWestMom
Wed, 15 Dec 2021 03:17:18 +0000

I put in $1000 into each 529 account when I opened them. Twin grandbabies so two accounts.

I also opened the accounts online and bought the state’s plan since it’s well rated.

To start a 529 account, you need to have some basic information about your grand child: full legal name, social security number, date of birth, and you need to make a minimum deposit to fund the account. That amount varies by state, but it’s usually around $50.