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Message
re: savings for grandchild
Posted on 5/9/24 at 7:40 pm to DaBeerz
Posted on 5/9/24 at 7:40 pm to DaBeerz
quote:
The 529 can rollover to a Roth if they don’t use it all
I would go this route. Set up a 529. It grows tax free and if they decide they don't go to school, depending on certain states or plans, it can roll over into an ROTH IRA.
1
Posted on 5/10/24 at 7:58 am to Cdawg
ok I didn't know this was an option. Can you personally withdraw from a 529 if it's not used or does it have to be rolled over to something? I will do some more research on the 529 in Louisiana
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