Opening a 529 Plan for your Grandchildren Pros and Cons of Separate 529 Plans for Multiple Children How to Open a 529 Plan Research and Compare 529 Plans Contributing to your Grandchildren’s College Fund Can a Grandparent Contribute to a Parent-owned 529 Plan? 10 Ways Grandparents can he...
Recent changes to financial aid rules mean they’ll soon be able to contribute to 529 college savings plans that they own without penalizing their grandchild’s eligibility for federal money, a limitation that’s made some grandparents think twice before opening new accounts or adding to e...
That said, there is no law that prevents a grandparent from opening a Coverdell account. What is the right solution for you? Another approach for parents and grandparents may be to combine the features of custodial accounts and 529 college savings plans with a custodial 529 plan (UGMA/...