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Reply to "s/o 529 allocations and rationale "
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[quote=Anonymous][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? (2) how much money should be in 529 for a 9 year old child? Thumb rule? [/quote] (1) Could it happen? Yes, if you mismanage your investments. Does it happen? Most likely not. People aren’t reckless. (2) Since your kid is going to need about $1M, you should have around $500K by the time they are 9. The rule tells us that your investment should double every 7 years. [/quote] I hope you are joking [/quote]
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