College Savings Question - for parent's of more than 1 child

[Anonymous]

Did you use the same investment strategy of each child OR diversify?

For example, since you can transfer the beneficiary of the 529 - did you do something like a Prepaid for 1 child and a traditional investment for a 2nd assuming that there is a possibility that 1 child will attend a school that accepts the prepaid credits?

I ask as I have 3 children and I have 2 "traditional" 529s. I was thinking of opening a Independent 529 for child #3 assuming that 1 of my 3 children will attend a private school and locking in tuition at today's rates might be a godd investment. On the other hand, the markets might rebound over the next few years and it might be a better strategy to invst in the market.

Thoughts?

[Anonymous]

We did a prepaid for the first, and then opened a traditional. We're in MD so I like the prepaid-- the independent 529 didn't have enough schools (or a decent refund policy) for me to be interested.

[Anonymous]

Great question. I've never seen this addressed in college savings info. So far we've bought one year tuition for each child. It seems the safer bet given market volatility but tuition doesn't seem to rising as fast as it once was. What to do?

[Anonymous]

bump

[Anonymous]

We have regular 529s for each kid (2). We have them in different states, though, because we didn't want to put all our eggs in one basket.

[Anonymous]

Same strategy for both, but our kids are only in elementary school. We may change the little one's 529, once we see how the aid situation for the first one pans out.

[Anonymous]

If you do pre-paid, aren't you boxing your child in to attending a state school in your state?

[Anonymous]

Unfortunately we didn't have the money to save for college for both our children, so we are focusing on saving for the boy through a 529. I think it is generally less important for a girl to go to college, so while we would ideally save for her too, it is less of a priority.

[Anonymous]

Anonymous wrote:If you do pre-paid, aren't you boxing your child in to attending a state school in your state?

not in MD

[Anonymous]

Anonymous wrote:Unfortunately we didn't have the money to save for college for both our children, so we are focusing on saving for the boy through a 529. I think it is generally less important for a girl to go to college, so while we would ideally save for her too, it is less of a priority.

I hope you're at least saving for her wedding!

[Anonymous]

Anonymous wrote:Unfortunately we didn't have the money to save for college for both our children, so we are focusing on saving for the boy through a 529. I think it is generally less important for a girl to go to college, so while we would ideally save for her too, it is less of a priority.

I hope you are joking.

[Anonymous]

13:03 - I hope you're having her start sewing things for her hope chest, and I hope you're breeding the best cows possible for her dowry.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Unfortunately we didn't have the money to save for college for both our children, so we are focusing on saving for the boy through a 529. I think it is generally less important for a girl to go to college, so while we would ideally save for her too, it is less of a priority.

I hope you are joking.

I am serious. I know that in this area it is very fashionable for women to fill their heads with book-learning, but let's not pretend it is essential. In my experience a woman can be just as happy with common sense, a good heart, and a stout pair of rubber gloves.

[Anonymous]

15:45 – With your attitude, you are doing damage to your son as well as your daughter. Unfortunately, I have worked with men who have been raised with this attitude and they frequently never advance up the company ladder because of their sexist attitude toward women whether it’s a woman supervisor, peer, or subordinate.

[Anonymous]

Anonymous wrote:Unfortunately we didn't have the money to save for college for both our children, so we are focusing on saving for the boy through a 529. I think it is generally less important for a girl to go to college, so while we would ideally save for her too, it is less of a priority.

Hello, 1950 called and wants its values back. You can't possibly be serious. If you're a woman, did you go to college?