My kid is in middle school so I don’t have answers about residency because we haven’t considered much yet. started my kids 529k and custodial accounts much earlier, before the first birthday..There was also a point in time I was planning on going back to school for an MBA, so I had a 529k for myself before I decided not to go back. So there is a rollover that goes on…
Exactly how you rollover matters if your kid is somewhat eligible for financial aid.. It doesn’t matter that much if they are not. What matters is rolling over between beneficiaries are subject to gift tax rules… Which don’t matter if you stay under the limit per rollover per year or do t plan on exceeding the lifetime exclusion limit.
I am in the Nevada/vanguard plan because i generally like vanguard funds. I think the ScholarShare plan is ok, but it doesnt matter really which one. except I was tempted to get the free cash offer(s)
