Personal Consumer Issues • 529 or Custodial Account?

My parents recently gifted my two children each a custodial account. We live in CA. One child will be ready for college in 4 years and one child will be ready for college in 7 years. Is there any benefit to retaining the custodial account, or should I convert them to a 529?

Thank you.

Statistics: Posted by westcoastinvestor — Tue Jul 09, 2024 10:32 pm — Replies 2 — Views 155

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