Picking a Beneficiary for a TAP 529 College Savings Plan.?
Should I set a fund for each child or just one fund to share between them. I am setting up a tap 529 investment plan for my two children. My daughter is entering 6th grade and the daughter is entering 4th. In PA, you can only list one child in a plan, but you can change beneficiaries. The dilemna I am facing is should I create an individual plan for each with different amounts, or just create one and keep the funds for both in one. Being still in elementary, I have no idea what ... (Asked by bjmarchini)
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Create two separate accounts. You will have 2 children in college at the same time for 2 years. You will not be able to pay for both children out of the same at the same time.
Also, check with your lawyer about making sure the ex-wife can't touch them for any reason. This may mean that you keep the accounts in your own name for a while....(Answered by Gypsy Girl) |
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