Can you begin funding a either of these tax-advantaged education saving's plans for kids you plan on having but aren't born yet? What if they have been conceived but not born yet?|||I actually just read an article a day or two ago about this. Some plans you must have a social security number for the beneficiary of the plan, so the baby would have to be at least old enough for you to apply for an ssn and for it to come back.
However, some states actually let you change beneficiaries later on, so you could hypothetically make yourself or your wife a beneficiary and then transfer it to your baby when he/she got an ssn.
This is 529 plans I'm talking about. There are so many, you'll have to find which one is right for you, but I think that you might find one that is accommodating to you.
Good luck!|||I believe the newborn must be six weeks old as in life insurance. Call a financial planner in your area to be sure.|||Ajsmommy is correct. You could start a 529 plan in which you or your wife was teh beneficiary and then change the beneficiary later when you have children.
Jim Kirby, CPA/PFS, CFP, CFS
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