I have 3 children, ages 13, 11, and 8. All will be going to college. My AGI will be around 95K this year. I have stocks invested that I inted to use for their college expenses. Are there significant tax benefits in setting up a college IRA or giving them each a set amount ($2,000) which is in turn invested in a mutual fund for them? By the way, I am planning on converting a $90k traditional IRA to a Roth IRA in part because I know I can use some of this money for college expenses.
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