or do I need to create a seperate one for both? Also, If I move from one state to another do I need to change my 529 to the new state?
- posted
17 years ago
can I use the same 529 for both children?
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- posted
17 years ago
Typically, you can change a plan benficiary at any time. I'm not sure if any or all plans allow you to have multiple beneficiaries at any one time.
I've held in-state and out-of-state 529s; you may, in some cases, receive a tax break on in-state 529 plans. This being the case for me, I moved funds from out-of-state plans to in-state plans. Some states may require you be a state resident to open a plan, but I'm not sure of that.