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Reply to "529s for nieces and nephews "
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[quote=Anonymous][quote=Anonymous]In my family there were 3 kids. #1 ended up rich, #2 UMC, #3 middle class, divorced and then died young. #1 and #2 supported #3’s kids through high school and college, they lived with #2 and had cars and college from #1 (before 529s). It was the right thing to do and the other kids were fine with the cousins getting this money, the family was pretty close. However, #3’s kids had a hard time with the family dynamics, feeling like the charity case and jealous of wealthier cousins, and eventually cut ties after college graduation. No regrets about helping, but family relationships can be tough to navigate. [/quote] Family dynamics is a separate issue. They didn't cut off because of money, they cut off how they were treated.[/quote]
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