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Reply to "Is my parents FA giving them bad advice?"
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[quote=Anonymous]Parents met with their FA after the birth of our DS. He told them we were stupid to open a Utah 529, should have opened a VA one instead. I told them we won't be VA residents for much longer and the tax credit is not as good as the returns/low fees of Utah. He told them to buy a life insurance policy on our son- for what? I feel like they could be getting duped. I don't know how he is being compensated. [/quote]
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