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URL:  http://boards.fool.com/fyi-the-529-i-have-set-up-for-dd-is-owned-by-30309098.aspx

Subject:  Re: Uncharted waters Date:  10/9/2012  2:22 PM
Author:  irasmilo Number:  116770 of 121180

fyi... the 529 I have set up for DD is owned by me, but DD is beneficiary... Not sure if that makes a difference

It makes a BIG difference. You make contributions into a 529 owned by you (and you get the NYS tax benefit if invested in the NY529 plan). She makes contributions into a 529 owned by her and she get the tax benefits. There is also the issue of whether she can contribute to her own 529 considering her age.

Ira
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