Friday, July 20, 2007

#19 Open a 529 account for my 14-month-old daughter

My apologies for the out of order blog postings. I had written a post and then forgotten that I had written it and wrote another so I just changed the title of the first and posted it expecting it to be posted afterwards but no such luck. They are apparently posted in the order you write them, not in the order they are published. What's up with that!?!

This is one of those things that I knew I needed to do but just hadn't gotten around to doing yet. I especially knew that it needed to be done after I read earlier this year that the tax benefits were permanently set. Two things held me back. One, we don't have a lot of money, and two, there are so many 529 accounts out there, which one to choose? Well, we finally picked one, filled out the paperwork (I filled out the paperwork), picked the investment and sent some money that her grandparents and great grandparents had already given her over the last year so that it could start earning some real money. Now, once I start earning an income, we should be able to start putting money in regularly as well.

1 comment:

HeatherV said...

you rock!!!

Katie will probably never thank you for your dilligence, but as an Econ teacher you made my day to do this for her....