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Reply to "college rapidly approaching: question about 529s"
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[quote=Anonymous][quote=Anonymous]I am the parent of a high school Junior, so maybe 15 months out from paying college deposits; I am getting urges to convert all DC's 529 college money to cash RIGHT NOW :oops: due mainly to all the finance sites claiming a correction is nigh I realize it is irrational on some level but I'm struggling The money is in age adjusted portfolios, moderately aggressive btw[/quote] Since you are only 2 years away from college, take half the money and buy prepaid tuition for your state. the other half can stay in the age-adjusted portfolio. If you DC does choose to go in-state, you've saved on at least 2 years of inflation (maybe more if you use the prepaid money for later years). If DC decides to go out of state, investment in a prepaid plan is pretty much the same as a cash investment and you can use that money elsewhere. [/quote]
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