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Money and Finances
Reply to "3 savings accounts for DC, why would GP want to open another one?"
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[quote=Anonymous][quote=Anonymous]Mine kept demanding the kids' SSNs for the accounts, which felt totally odd.[/quote] If it's a 529 I think that's required. My mother also gave the kids stocks and I am pretty sure SSNs were required for that as that's how we get the annual 1099s. These are all accounts in the kids names. We get the quarterly statements for the stock accounts but not the 529. When we used some of the 529 funds for college DC did get a form to file with taxes. If my parents want to give the kids money I am happy about that in whatever form that takes. They paid for about a year of private college and each kid has a stock fund that they can cash in for grad school or living expenses or just save. [/quote]
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