529 Plan Ohio
November 18th, 2008
Question: Is it better to have more 529 plans or just one?
For myself, I am 18 years old and heading to college this fall. As of this year, and the future, all 529 plans are considered parental asset regardless if it is in a student name.
I plan to go to a medical school in 9 years or so, or attend some other school. And of course, when im done with school, I can transfer my 529 Plan to my kids, correct me if I’m wrong.
I currently have a plan with Vanguard 529 – Neveda. I was looking to get one from Utah and one from Ohio. Just for myself.
btw I have full ride to a community college which I where transfer.
Thanks!
Answer: Why would you want more than one?
The paperwork is more trouble than it’s worth.
combine them all into one.
Rule of 72: FOX Toledo Market Minute
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