u/Bvoth

What would you recommend for 529 and UTMA or 529 and parent owned brokerage with revocable trust? Or maybe something different?

We have a 1.5 and 4 yo. We’ve been saving $400 a month for each since birth. We’ve been using CDs because we didn’t want the stipulations of the 529, but I fear we’re missing critical and larger compounding returns.

What have you done/recommend to allow for tax breaks/ability for scholarships/able to cash out in case they don’t go to school, but also we can capitalize on compounding interest.

THANK YOU!