My children (ages 3 and newborn) received a $30,000 gift each from their grandparents. The money is currently in a bank account in each of their names.
I am trying to decide whether the best course of action is to open a 529 plan or just invest the money in a Vanguard ETF. I am hesitant to jump on a 529 plan because their grandparents are planning to fund their college when they get there. Although I don't like to necessarily rely on that as you never know whats going to happen over the next 15 years.
There are a ton of 529 options it seems and I am not sure if we go down that path whether its better to get a plan from our state (Maryland) or just open one with Vanguard.
Looking for any advice on the best course of action. Thanks!
Submitted March 05, 2019 at 10:11AM by therushed85 https://ift.tt/2H4BrQu
