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Author: irasmilo Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Uncharted waters Date: 10/9/2012 2:22 PM
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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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