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529 opened and UPromise

March 20th, 2007 at 12:29 pm

Okay. I opened up a 529 account to get the cash out of the UPromise account.
I opened the Iowa College Savings 529. I was able to open it with $25 and don't have to contribute if I don't want to. But, the money that was in my UPromise account will be put into the new account.
So, with the $25 I added in the $173 that was just sitting in that account. Each time the UPromise gets to $25 or quarterly they will add more to my account.
So, for a $25 investment I thought that was the way to do it.
But, I will continue to save for the kids in my Roth.

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