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Reply to "New 530A "Trump Accounts" for Kids "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Anyone else considering adjusting how they allocate to their kid's 529s? [/quote] these accounts are nothing new and I don't know why people are excited. Open an UTMA/UGMA and at least your kids have liquidity, taxed more favorably once they are 18-21, or let it ride. If you want a free $1k, go for it, but contributing to these versus other avenues is just buying into the brainwashing that these are life changing accounts [/quote] While we can use these accounts, they aren’t for us. They’re an attempt to incentivize people to participate in the stock market starting at a young age. This has been opt complained about in this forum how 40% of the population aren’t reaping the market gains. Here you go. Start somewhere. [/quote]
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