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Reply to "Tax Advantaged things grandparents can do for grandchildren"
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[quote=Anonymous]Education!!! Start a 529 and have the grandparents fund it now. Each grandparent can gift each kid $18K/year. So your parents can put $36K/year into a 529 for each kid (if you have future kids). Look into it, you can also superfund a 529 with 5 years worth of gifting immediately. Reason for 529---it grows tax free. Over 18+ years that is a huge advantage. They can also pay for private school directly and I believe it doesn't count as a "gift". [/quote]
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