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WCI #304: Roth's, 401(k)s and 529s

White Coat Investor Podcast

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Don't Put It All in One 529

"I got a gazillion 529s. I've got 34 nieces and nephews and I have a 529 for everyone of them, as well as one for each of my kids," he says. "The nice thing about putting it all into lower generations originally is there's not later this weird gift tax stuff you might have to worry about if you have an estate tax problem" In Utah, we get a tax credit of 5% basically, whatever we put in a 529. But there's a limit on the first $4,000 that goes into an account.

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