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Can I invest in both "state-run" 529 plan and independent 529 plan at the same time? Any gotchas?
should I even consider this at all? For example, I'm living in California and wonder if it is a good idea to invest in the independent 529 plan and a california 529 plan at the same time, like 50% of my investment in each?
3 Answers
- TJLv 61 decade agoFavorite Answer
I think the Independent 529 plan should only be considered if you are pretty sure your children will attend one of the participating universities. The return on investment, otherwise, is very poor.
- derekLv 41 decade ago
Yes, you can have multiple 529 plans in multiple states.
Just make sure you don't exceed your contribution limits and abuse the accounts by making enormous contributions (no need to draw attention to yourself).
