If you do, it is separate for each kid

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Jul 23, 2015
5:06:35pm

zuxvon

If you do, it is separate for each kid

but you can transfer money between accounts. I put in monthly at the amount that maximizes the tax deduction.

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zuxvon

New username: driver off the deck
Bio page: zuxvon
Joined: Oct 24, 2006
Last login: Apr 9, 2018
Total posts: 0 (0 FO)

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Messages

Author

Time

For those of you with a 529, how did you figure out how much to contribute?

BYUCoug11

7/23/15 4:57pm

I figure it's unlikely we'll have enough for our kids to pay for all of college

KingDave

7/23/15 5:06pm

If you do, it is separate for each kid

zuxvon

7/23/15 5:06pm

You can change the beneficiary, you don't have to have 1 per kid

g$

7/23/15 5:48pm

True, but it limits the tax deductibility

zuxvon

7/27/15 2:56pm

Maybe I'm weird, but I plan on only saving enough for their first year,

db59840

7/23/15 5:09pm

We have one per child. I believe funds are transferable between siblings

Tricky

7/23/15 5:10pm

It was very easy...

Wingnut

7/23/15 5:10pm

I do $75 a month for each kid (I have 3)

JOPE

7/23/15 6:15pm

Here is what I did

g$

7/23/15 5:59pm

I targeted 10k per kid or at least 4 semesters at a church school.

Busiturtle

7/23/15 6:33pm

don't over think it

I'mBatman

7/23/15 7:01pm

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