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<blockquote data-quote="toughlovin" data-source="post: 515362"><p>With a 529 you can also transfer money from one 529 to a different child, or save it and use it for grandchildren, etc. It can cover a bunch of post HS educational programs.... so it could cover a vocational school etc which I hope at some point he goes to. We already have a 529 set up for him which my dad has contributed to... so in our case I think it is pretty easy to do this. To me it seems the best option because really giving him the money directly in the near future would be a huge mistake.</p><p></p><p>TL</p></blockquote><p></p>
[QUOTE="toughlovin, post: 515362"] With a 529 you can also transfer money from one 529 to a different child, or save it and use it for grandchildren, etc. It can cover a bunch of post HS educational programs.... so it could cover a vocational school etc which I hope at some point he goes to. We already have a 529 set up for him which my dad has contributed to... so in our case I think it is pretty easy to do this. To me it seems the best option because really giving him the money directly in the near future would be a huge mistake. TL [/QUOTE]
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