Reply to s/o 529 allocations and rationale

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[quote=Anonymous][quote=Anonymous]NP. 
Since the topic of 529 is going on here, 
(1) does it happen that someone diligently puts money in 529 for 17 years and the money goes down by the time of the withdrawal? 
[b]Goes down, as in being less than what one paid in? Although possible, this is unlikely, unless there is a financial crisis.

If you are talking about going down from its all times high, then, yes, this is possible, and — depending on your allocation and the market conditions — a frequent outcome.
 [/b]
(2) how much money should be in 529 for a 9 year old child? Thumb rule?

[b]There  are many calculations out there. They pretty much all work the same. You need to know: (a) target amount (private/state + assumptions about future tuition), (b) future contributions, (c) assumptions about market performance. You can then play around with the numbers and get a sense of whether you are on track.

https://www.schwab.com/saving-for-college/college-savings-calculator

[/b] 
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