Va 529
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
|
I'm trying to decide on a plan for my now 4 year old. Ut am overwhelmed by the choices. Any recommendations/ thoughts on the 529 options offered in VA? I have heard that the pre paid plans are not the way to go but haven't heard a good explanation as to why? Thank you in advance.
|
Anonymous
| Prepaid works if you want to send your kid to a VA school, otherwise, no |
Anonymous
| We did prepaid. When we started it was around $11k for the year. It's now almost $16k so we are happy with the investment. |
Anonymous
|
We've been happy with the CollegeAmerica 529 plan in VA. Decent return on investment, and they have been easy to deal with for changes and disbursements.
|
Anonymous
U.VA is around $29,000 a year for in-state tuition and room and board. |
Anonymous
|
we didn't do prepaid because I didn't want my daughter to feel pressure to go to an in-state school. though I'd love for her to go to UVA.
The target-date fund has done really well for us - far better than the other 4 funds in which we invested. I basically just spread the money around between 5 funds, watched them grow for a couple years, and then any increased funding went to the fund that had performed best. (So I started out with $50/month in each fund, and now they all get $50/month except for the one that gets $100/mo.) |
Anonymous
|
Don't forget that the prepaid only covers tuition, not room and board.
We are doing the invest plan because we don't know what the next couple decades will bring in terms of moving, etc. |
Anonymous
Invest aggressive or aggressive moderate? I.e. All stock or the one with 25% bonds? |
Anonymous
| I just switched from James River to the all equities fund. I should have realized sooner that James River was 30% in bonds. My kid is only 3, so I want to be pretty aggressive. |