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You don't need a separate 529 account for each child, but it makes more sense than having a single account for multiple children.
With separate accounts, you can match your investments to each time frame, and there's no confusion about your intentions. If one child does not go to college, it's easy to switch beneficiaries.
If you don't want to worry about monitoring the investments for each account, use age-weighted funds that automatically become more conservative as each child's freshman year approaches. See Opening Multiple 529 Accounts to learn more.
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| Row 0 - Cell 0 | The ABCs of Saving for College |
| Row 1 - Cell 0 | Find the Best 529 Plan for You |
| Row 2 - Cell 0 | 529 Plan FAQs |
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Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
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