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Posted

My daughter got married last July and I would like to setup a college education trust fund for my future grand kids. I am nearing retirement so I want to do it while I can still put together fund rather than wait till I actually have grand children.

I have no idea where to start. How do I go about setting this up when I do not even have grand kids yet?

 

Thanks for your help

 

Naveen Mohan

 

Posted

You could open a 529 plan and make yourself or your daughter beneficiary.  Then when grandchild is born you can change the beneficiary.   Would be a great head start, what a lucky kid.

 

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