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I just got a letter today from American Century stating that my original agreement had been ammended so that the automatic investment plan for the UTMA I had set up fro my daughter is no longer in force, and that it won't be granfathered. Meet the fund min of 2500 (only have $1400 in it $50 a month) or close the account. Well I don't have the min and I have no idea where to put it now......doesn't anyone support building funds like this anymore ? I'm thinking I can put it directly into a 529 in Washington State, but the idea was money if she did /did NOT decide to go to college either way ,I learned from having sisters, girls cost dad money :)
Regards,
Mike
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