Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "New Parents Wisely Start College Fund That Will Pay For 12 Weeks Of Education"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]15:26, you'd be surprised what 18 years of compound interest could do to that $5K if you take it out from under your mattress.[/quote] Ha! With interest rates for savings accounts at 1% or less, after 18 years 5,000 dollars compounded annually wouldn't even earn 1,000 dollars in interest so you wouldn't even have 6,000 dollars. [/quote] I'm the OP, and I didn't write the above. Anyhow, we opened a 529 about a year ago partially because we live in VA (tax benefits) and because along with the Utah plans, it was recommended performance wise. But the return was only around 6% during the 12 months. Sure it's better than a savings account, but S&P500 did so much better. But oh well, we're in it for the long haul and 529s have benefits at time of withdrawal, so we'll keep on putting it here. [/quote] Can you roll it over into Utah's plan? I do this with MD's plan.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
