Reply to MD 529 pre paid tuition debacle

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[quote=Anonymous][quote=Anonymous]We have 4 years pre-paid with for one kid.

Not sure what we will do. Explain it in plain english - what's the ideal move?

[/quote]

I think you are a bit like me - I am the one who posted today and pushed this up again.

Thing is that I was split between 529 and the Prepaid and ESSA. That came for me because I had someone that had a daughter going to college just as 2008 happened. As he said, "I had 4 years saved, now I only have 3."  To me it was about balancing risk.  (In total, between prepaid, 529 and ESSA - I am sitting on $108K. Pretty well split between prepaid and 529/ESSA. All the while knowing if he didn't go to a public university that I certainly barely have anything saved!)

So the person that suggested leaving the sophomore's money in and moving child #2s money is about right probably for me. He's too close to going to me to want to take on risk.  But for #2, she is farther out and I can roll with any bumps that come along.

Plain English is - How far out are you and how much risk you want to take?[/quote]

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