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Reply to "Would you do UGMA/UTMA Accounts or 529 plans?"
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[quote=Anonymous]We opted to open 529s for both out kids. We plan to invest until they have about $50k in their account and then switch to some other type of account that can be used for our retirement or their college. What if your DD decides to take the money and run? What is stopping her from blowing her UGMA or UTMA on a new car? Can you put decide how she uses her money when the time comes (I'm really not sure on this that is why I ask)?[/quote]
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