Reply to Is $1000/mo in a 529 enough?

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Reply to "Is $1000/mo in a 529 enough?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

Seems like she asked a question as a result of the conversation with her friend.  My response is that she shouldn't be discussing finances with friends to begin with.  [/quote]

And you need to get out of this mentality which is just as disturbing as a stepford wife group-think. Finances, particularly [i]her[/i] finances, are hers to discuss as she wills. Especially with individuals and friends she's trusted for over two decades.

“A woman’s preaching is like a dog’s walking on his hind legs. It is not done well; but you are surprised to find it done at all.” - Samuel Johnson, 1971

That goes beyond religion to politics and to business ventures. Get your head out of your ass and own your portfolio. [/quote]

Not sure what this has to do with being a woman.  My husband also abstains from discussing finances with his friends.  We may discuss certain investments or mention rental properties but NEVER mention numbers, which is what OP was doing.  [/quote]

[b]Wow you are so superior [/b]because you "NEVER mention numbers." Do you want a cookie? [/quote]

I never said anything about being superior.  I do firmly believe it's in your best interest to not talk numbers with friends.  Don't share your salary, 529 contributions, 401k contributions, broker account balance, car payment amount etc. [b] it's seriously no one's business and you have nothing to gain by sharing it.  [/b] [/quote]

Aside from perspective and informative information. This is seriously why women are constantly underbid on salaries and prospects. You do what you want PP, but personally - [b]sharing with my friends, seeing what they're doing and even getting recommendations for financial advisors or better homeowner's insurance policies[/b] or an easier way to consolidate my financial portfolio has been extremely helpful for me.[/quote]

This is different than sharing your salary or how much you save in your 529.  It has nothing to do with being a woman!  My husband also has class and doesn't go around sharing how much we save in our 529 account!  It's no one's business.  [/quote]

If you think that it's no one's business, that's your opinion. It is entirely classless for you to judge others and insinuate that others "have no class" because they discuss numbers. I can't believe some people are so pathetically judgmental and don't even realize it.[/quote]

And I have to say I think OP is being RUDE by bringing up her 529 plan with friends.  What if her friend is having a hard time financially and can't contribute and it makes her feel bad?  What if her friend has wealthy parents paying for college and doesn't want to disclose?  What if the friend isn't saving much because she doesn't think her child is smart enough to get admitted to a good school?  Seriously - it doesn't benefit anyone to share details about 529 plan contributions and ask for their opinion, which she did, and the friend said she should save more. [/quote]

OP here.  Again, I have known this person for over 20 years.  We are very close.  In your hypothetical, perhaps it is inappropriate for me to tell someone who is having a hard time financially and/or has a kid "not smart enough" to get into a good college (note, I have a 2 year old and you can reasonably infer that my friend is my age and also has young kids, too young to reach such conclusions) about our 529 savings.  However, this is an actual conversation I had with a person who is my friend.  Not an issue.  Not what the thread is about.

Although I do appreciate the poster above who thinks it is gauche to "talk about numbers" with people but thinks it's fine to discuss her [b]"rental properties[/b]."[/quote]

You don't see the difference?  You can tell a friend you sold a rental property or you have a new tenant to meet with.  This is different than talking about how much the property is worth or how much you're making on it.  Just like its one thing to mention you're saving for college vs commenting on HOW much you're saving for college. [/quote]

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