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I have two daughters, one almost 3 years old and one 5 months. I have a 529 account established for my 3 year old.

With the following two assumptions in mind:

1.) The 529 is fully transferable to other children and family members.
2.) I will never be able to max out the account.

Is there any reason I need to open a second 529 account for my 5 month old, or can I just continue to fund the first account as much as possible knowing I can transfer it to my second child (if there's anything leftover!)?


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