529 Plans

You must obtain consent from your spouse. And if you are married they will contat your spouse about the thrift savings plan. If you end up getting a divorce and try to take some of the money , your spouse will also be contact for approval.

A 529 can only be used for education without taking a penalty. If one child isn't going to use the money for education, it can usually be transferred to a sibling or other child in the family. The money can be withdrawn for other uses, but would be a "non-qualified" withdrawal and subject to penalties, just like withdrawing from a 401k.

Yes, they do offer a 529 college saving plan. It is also good to know that this plan is very flexible and has many benefits.

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what values does a budget have for a family

There is none.

The taxes for 529 distributions are outlined in the IRS tax codes. Any distributions made for a qualifying state college does not count towards the taxpayers income.