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Reply to "Buy VA prePaid with VAinvest money--good idea?"
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[quote=Anonymous]We live in VA and have 2 children: 3rd and K aged and have been funding VA529s for each with the goal of saving half of the projected cost of 4 year private university (tuition + room & board) for each. I’ve been contemplating purchasing 8 semesters of VA prepaid for the older child—we have about this amount in this child’s 529 already. My thinking is that between both kids the chances are probably better than 50-50 that at least one of them will go to a VA University and if my older child doesn’t go to a VA school I can transfer it to the younger child. I will continue to fund a smaller amount in the older child’s 529 for room & board and increase the amount I invest in the younger child’s 529. The risk in this approach is that if neither child goes to a VA school, I don’t get much value out of the prepaid plan. Any thoughts on in this strategy?[/quote]
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