Driver’s Seat
If you’re a grandparent thinking about putting money into a 529 college savings account, you can rest easy in the knowledge that you manage to enjoy full, total control over the funds in these accounts. You have the say over what types of investments are made, not your grandchildren. There are many cases in which a minor will eventually come of age and come into money – and when it happens, the youth will make decisions that are ill-advised, squandering the good fortune that shone upon them. As a grandparent who is the owner of a 529 accounts, you can help your loved on keep his or her head on straight, and send them straight toward a bright, educated future.
