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Reply to "Help with 529s for 3 kids"
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[quote=Anonymous][quote=Anonymous]1. Max out your retirement savings before funding a 529. 2. in MD the deduction is for each account owner/beneficiary pair. So you and your spouse can open a total of 6 accounts for your 3 beneficiaries. I think you can even make it 8 or 10 accounts by listing yourself + spouse as beneficiaries ( you can always change beneficiaries later).[/quote] Some of the MD materials say you dont need to own the account to take the deduction. So I think you just need one account per beneficiary to manage all the contributions. If married you can contribute $5k to one account.[/quote]
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