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Reply to "What to do with small savings account?"
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[quote=Anonymous][quote=Anonymous]OP here. PP, I don't know if I'll get flamed or not but it seems small in comparison to people on this board who are mega earners and have millions in savings/ investments. Keep in mind that my spouse and I are in our 40s and have zero plan for retirement or college savings with two young kids...so when I look at this figure and think that this is all we have in the world it feels small. Life is risky and one illness or loss of a spouse could devastate our situation. [/quote] 1) to say that $100K is a "very small" savings is obnoxious 2) I hate to give a shitty person like you advice, but I would put it all into prepaid college tuition plans for both kids. That way, state tuition is paid in full, and the kids have the option to use those funds to go to a private university.[/quote]
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