With the new tax bill, is there still the restriction on not being able to have both an EdIRA and a UGMA account simultanously for a child?Laibach
Laibach,I think you may be confused, you can have both UGMA accounts (these are custodial accounts) and EdIRA. You cannot have both 529 Plans and EdIRA contributions in the same year. Until I see the final legislation I don't know if both will be allowed to have contributions in the same year.Jenn/japper
In 2002, both will be allowed.See Title IV, Subtitle A, Sec. 401 (g)(2)(D)Here's the bill:http://www.house.gov/rules/1836cr.pdf
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