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re: savings for grandchild

Posted on 5/9/24 at 5:44 pm to
Posted by DaBeerz
Member since Sep 2004
16995 posts
Posted on 5/9/24 at 5:44 pm to
The 529 can rollover to a Roth if they don’t use it all
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59608 posts
Posted on 5/9/24 at 7:40 pm to
quote:

The 529 can rollover to a Roth if they don’t use it all

I would go this route. Set up a 529. It grows tax free and if they decide they don't go to school, depending on certain states or plans, it can roll over into an ROTH IRA.
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