Quote:
Originally Posted by ea1776
Ok, great.
So if I understand this correctly, you can have one 529 that can be used by multiple people?
Would it ever make sense for me to open multiple 529's, or can there be multiple simultaneous beneficiaries.
Thanks again,
ea1776
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One 529 can be used by multiple people, but not at the same time. So depending on the difference in ages of your nieces/nephews, you might only need one. Also, I wanted to mention that not all states allow you to deduct 529 contributions, so make sure your state does before you open one.