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by Bricejm 5037 days ago
Jeff - Founder/CEO It does reduce financial aid, but only 20% of the child's assets are included. TrustEgg assets also don't have to be used for education, while a 529 plan would assess a 10% penalty for non-education withdrawals. Having the assets in the child's name also protects the assets from the parents, and parents creditors, which is necessary when taking deposits from other family members.