VIDEO: Can Grandparents Contribute to a 529?

Can grandparents contribute to a 529 plan? Absolutely, and it can be one of the best ways to help a grandchild pay for college!

In this video, we break down:

  • How grandparents can contribute to a 529 plan 
  • The pros and cons of owning the account vs. contributing to an existing one
  • Recent FAFSA changes that make grandparent contributions even easier 
  • Tax advantages and gifting strategies

 

If you’re a grandparent looking to support your grandchild’s education, or a parent wanting to coordinate family contributions, this video will give you a clear, simple overview of what you need to know.

 

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  • COMMENT with your questions or experiences
  • SUBSCRIBE for more on family finances, education planning, and saving tips

This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.

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