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Reply to "529s for nieces and nephews "
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[quote=Anonymous]Similar situation in my family, OP. We give to the niece/nephew whose parents do not have extra funds for 529s, but not the other set of niece/nephews. Our family and family #2 have similar HHI’s which are easily 20x what family #3’s HHI is. My feeling on this is that while we and fam 2 would just be swapping their $$ for ours (they would feel the need to reciprocate), fam 3 is not contributing more than a few hundred per kid/per year so it actually is moving the needle. For context, though, we give about 3k/year, so while it’s not nothing, it’s not enough to fully fund college. [/quote]
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