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Reply to "Child expenses argument "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Your kids are still young[b], you can drop $100k each into 529s and basically consider college funded[/b], then the last $100k is your emergency fund. Your retirement savings seems low for 2 workers. If you need aftercare to have your jobs then you need it and there's no real argument to be had, but you can look for cheaper camps. 10% of your gross on aftercare/camps seems high to me but I'm kind of lucky in that we don't have to pay for aftercare at all so I may have unreasonable expectations.[/quote] This is good advice. Do this with the money in your bank account. Your college payment questions will be answered and you can think more clearly about other expenses. I did something similar with an inheritance I received when my kids were in 2nd and 5th grade (not literally in a 529, but invested in a separate account that in my mind is for college and that I won't touch until they are in college. Not in a 529 just in case they get scholarships).[/quote] Op here. Should I do safe stock investment ( like vanguard) or 529 MD this year ( with $100k this year)? Please advise. [/quote]
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