Reply to Advice on college savings - market volatility (debt ceiling) and other issues

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[quote=Anonymous]I’ll just comment on a couple of things. In terms of starting a 529 for a kid who is 3 yrs away from college - I would not do this unless you were earmarking the money for kid’s final year of under grad or graduate school. The biggest benefit to 529s IMO is the tax free growth. But you really need time to get growth. If your time horizon for needing the funds is 5-6 yrs or more then I would do a 529. But if you’re going to need it in 3-4 yrs, there’s more of a chance you end up with little to no growth.
Re: the Roth - you can adjust the investments within the Roth without taking assets out of the Roth. Sorry if you understand that and I misread your question. As you get closer to needing the funds for tuition, make sure you’re not Uber aggressive- you don’t want a negative market cycle to coincide with needing a chunk of the funds. Get some advice on your current allocation- are you properly diversified? And how do you adjust your allocation periodically over the next three years?
Someone at the firms that holds the Roth should be able to help.[/quote]

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