Nov 23, 2018
As kids enter high school and college draws near, there are a couple important things you’ll want to keep in mind:
First - look at how the account is invested. If you haven’t rebalanced in a while or are still 100% in stocks, you’ll want to make sure that the money in the 529 is not going to crater during the next downturn when you need that money to be there to pay for school. So make sure the money in the account is invested conservatively and risk is minimized as college approaches.
Second - Even if the account is in your name as the parent, other people can contribute to the 529 as well.
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