Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Am I allowed to have both a Prepaid College Trust Account and another 529 Account such as the Maryland College Investment Plan?

April 26, 2017account allowed college Investment Maryland Plan prepaid Trust

0

Posted

Am I allowed to have both a Prepaid College Trust Account and another 529 Account such as the Maryland College Investment Plan?

1 Answer

0

Posted

Yes. You may have more than one 529 Account for the same Beneficiary. Complementary college savings options may be beneficial for families seeking a diversified college savings portfolio with an investment in the Prepaid College Trust that is backed by a Legislative Guarantee and an investment like the College Investment Plan.