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Paying for College

SOLVED: Do I Need a College Savings Account for Each Child?

Saving for several kids at once doesn't have to be complicated.

You don't need a separate 529 account for each child, but it makes more sense than having a single account for multiple children.

With separate accounts, you can match your investments to each time frame, and there's no confusion about your intentions. If one child does not go to college, it's easy to switch beneficiaries.

If you don't want to worry about monitoring the investments for each account, use age-weighted funds that automatically become more conservative as each child's freshman year approaches. See Opening Multiple 529 Accounts to learn more.


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