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obamanut2012

(26,064 posts)

34. That's different if they weren't still in high school

Reply to Retrograde (Reply #29)

Sun Dec 2, 2012, 06:58 PM

Dec 2012

Although my family never did that to any of us, but to a kid still in HS?

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36 replies

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SS department wants me take money out of a 529 to send to them to send to my daughter? [View all] liberal_at_heart Dec 2012 OP

Legal age is 18 regardless, it's also the age you can require her Lionessa Dec 2012 #1

Require a high school student who is your child to pay room and board? obamanut2012 Dec 2012 #5

It used to be a lot more common in some circles Retrograde Dec 2012 #29

That's different if they weren't still in high school obamanut2012 Dec 2012 #34

My mother left her abusive rural farm home at 14 during the Depression Jackpine Radical Dec 2012 #35

Standard procedure mysuzuki2 Dec 2012 #2

If I had cash saved up in a savings account I would understand that liberal_at_heart Dec 2012 #6

But it is her money to use as she wants and needs obamanut2012 Dec 2012 #12

Yes, and to take care of herself, ie room and board. Lionessa Dec 2012 #36

Why do you think she is going to lose money? freshwest Dec 2012 #14

When has it ever been smart to take money out of an investment liberal_at_heart Dec 2012 #17

Might be useful to ring the SSA and speak to someone about enlightenment Dec 2012 #28

Why don't you just change the account title? mysuzuki2 Dec 2012 #25

This message was self-deleted by its author ann--- Dec 2012 #26

Can you transfer the 529 account to her liberalhistorian Dec 2012 #30

Could they just title the 529 over to her? quaker bill Dec 2012 #8

that's what someone else suggested. I'm going to look into that. liberal_at_heart Dec 2012 #10

You can remove yourself from the 529, leaving it titled in her name alone Ruby the Liberal Dec 2012 #33

Just sayin, but if that were me I'd call them up and record the call. Poll_Blind Dec 2012 #3

She is an adult, and she should receive the payments directly obamanut2012 Dec 2012 #4

If the 529 is in one of the parent's names exboyfil Dec 2012 #11

I don't know why you are arguing with me obamanut2012 Dec 2012 #13

do you have to cash out of it? liberal_at_heart Dec 2012 #15

This message was self-deleted by its author ann--- Dec 2012 #27

That was the child's money going into the 529 dkf Dec 2012 #21

damn you people don't listen liberal_at_heart Dec 2012 #22

I understand that you saved this for her and had no intention of keeping it. dkf Dec 2012 #23

This message was self-deleted by its author liberalhistorian Dec 2012 #32

Suggest you speak with Soc Sec. Simply signing her 529 over to her legally may satisfy the regs. pinto Dec 2012 #7

I would not have a problem signing over the 529 to her liberal_at_heart Dec 2012 #9

Maybe the institution that manages the 529 could help with the mechanics? pinto Dec 2012 #16

yes, first thing Monday we will be calling the SS department and our financial advisor liberal_at_heart Dec 2012 #19

Kindly consult with an attorney. I am an attorney, but not YOUR attorney, and you msanthrope Dec 2012 #18

I agree liberal_at_heart Dec 2012 #20

When your child turns 18, they are of legal age. I have a daughter who has multiple disabilities & jillan Dec 2012 #24

My son is a tax attorney.... Sekhmets Daughter Dec 2012 #31