How to Create a 529 Plan Before Your Kids Are Even Born

Dan Caplinger, The Motley Fool
·4 min read

In this video from the Motley Fool Live Financial Planning series, longtime contributor and Director of Investment Planning Dan Caplinger discusses the pros and cons of 529 plans and what's involved in changing from one beneficiary to another. Dan points out that there may be some gift tax consequences in some cases, but there are some novel strategies you can use if you want to get an early start on college savings even before you start a family.