Sisterly Love: Using Adult Siblings to Fund College SavingsSubmitted by Concierge Financial Planning, LLC on January 7th, 2018
“You’re doing what?” inquired Tim incredulously. Tim and I were discussing college savings for his 10th grade daughter, and he knew that I too was saving for college for my high school daughter and college son. “You heard me right the first time,” I said, “my 25-year-old is funding his siblings’ 529s.”
Unfortunately, Tim doesn’t have the same secret weapon that I have and so can’t take advantage of my strategy.