Should You Have a Separate 529 Account for Each Child?
529 Plans are important elements in our clients’ financial plans, especially now that they can be used for can be used for K-12 educational expenses (up to $10,000 annually). It’s common practice for families to open one 529 for each child, but in this Schwab “Ask Carrie” column, the idea of having one 529 for multiple children is discussed. It offers some interesting insight on 529s in general that thought we’d share. Check it out here: https://www.schwab.com/resource-center/insights/content/should-you-have-separate-529-account-each-child
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