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Reply to "Virginia529 prepaid vs Invest"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We did too. It was $16K 16 years ago.[/quote] Interesting question. That would be about $51,000 today if invested since 2000 at 7.4% interest.[/quote] Where exactly are you drawing that 7.4% risk free interest? UVA tuition today is 12K/yr, or about 50K for four years assuming some increases. 16K in 2000 invested in the S&P 500 gets you right around 32K today with dividends reinvested. Of course, depending upon when you invest (say post dot.com crash) you could get much better returns. [/quote]
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