We're having a baby at the end of the year, and I just had a few simple questions with regards to 529s. Thanks in advance for assistance!
1) Baby is due end of December. I was hoping to contribute for 2016 (and again for 2017). Obviously, there will be a time crunch, and I can't open the account now without a SSN. Does the account have to open and money contributed by 12/31/16 to count?
2) I'm between NV and UT (CA resident so no tax benefits here). Thoughts to best plan?
1) Baby is due end of December. I was hoping to contribute for 2016 (and again for 2017). Obviously, there will be a time crunch, and I can't open the account now without a SSN. Does the account have to open and money contributed by 12/31/16 to count?
2) I'm between NV and UT (CA resident so no tax benefits here). Thoughts to best plan?
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