Anonymous
08/21/2024 16:51
Subject: Re:For those with 529s
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We also moved it around sophomore year. The VA 529 fund has terrible interest rates for their saving funds though. But I can sleep at night knowing if things tank, my kids can still go to college.
No. It has great rates. Mine paid 5.5% last month.
Which of the Invest VA 529 pays 5% for their savings account?
NP.
https://www.virginia529.com/invest/investment-options-performance/fdic-insured/
Thank you! That’s gone up a lot from last year. Good to know because that’s where our money is parked. My child started college last year.
Anonymous
08/21/2024 16:50
Subject: Re:For those with 529s
Anonymous wrote:Anonymous wrote:Anonymous wrote:We also moved it around sophomore year. The VA 529 fund has terrible interest rates for their saving funds though. But I can sleep at night knowing if things tank, my kids can still go to college.
No. It has great rates. Mine paid 5.5% last month.
Which of the Invest VA 529 pays 5% for their savings account?
NP.
https://www.virginia529.com/invest/investment-options-performance/fdic-insured/
Anonymous
08/21/2024 16:40
Subject: Re:For those with 529s
Anonymous wrote:Anonymous wrote:We also moved it around sophomore year. The VA 529 fund has terrible interest rates for their saving funds though. But I can sleep at night knowing if things tank, my kids can still go to college.
No. It has great rates. Mine paid 5.5% last month.
Which of the Invest VA 529 pays 5% for their savings account?
Anonymous
08/21/2024 15:18
Subject: For those with 529s
Anonymous wrote:At what point, did you - or didn't you - put the money into a safer account, e.g., the 529's money market option.
Right now I have the amount I'll need for Kid #1's last semester of college tuition, he's graduating May 2025, and I project that with the amount I contribute monthly, on top of the amount I have in the account today, just slightly under the amount for Kid #2 (a HS senior) to pay for four years at her top choice school, which is an out of state flagship.
I've been thinking of transferring it all to the money market option, or maybe half of it. Was wondering what others have done?
The stock market dive the week before last spooked me, but then it nearly reversed itself last week, so...
I did it the year before going into college for the first. Am waiting for a few months for the second.
Anonymous
08/21/2024 15:16
Subject: For those with 529s
Anonymous wrote:Left it in growth til we used it. But if things went south, we had other options
+1
Anonymous
08/21/2024 14:10
Subject: For those with 529s
I just rebalanced my 7th grader from 100% equities to 60% equities, 20% total bond, and 20% money market. Account at $310k. I did it because we already probably have enough to fund even the most expensive school if I just let it grow now and wanted to take some risk off the table now that we've "won the game". I am open to suggestions, though.
Anonymous
08/21/2024 14:07
Subject: For those with 529s
Hi, I'm OP. Thank you very much to everyone for taking the time to share your experience and insights on this topic!
Anonymous
08/20/2024 10:30
Subject: Re:For those with 529s
This won’t help OP, For anyone considering 529, you can choose a date adjusted investment vehicle.
I used a Vanguard target fund so they adjust the investments for me.
I used a Vanguard target fund so they adjust the investments for me.
Anonymous
08/19/2024 23:12
Subject: For those with 529s
Moved to 80 percent cash hs sophomore year. Moved it back to all equities spring junior college. We had plenty and the growth gets passed onto to DC via Roth
Anonymous
08/19/2024 22:23
Subject: Re:For those with 529s
Anonymous wrote:We also moved it around sophomore year. The VA 529 fund has terrible interest rates for their saving funds though. But I can sleep at night knowing if things tank, my kids can still go to college.
No. It has great rates. Mine paid 5.5% last month.
Anonymous
08/19/2024 19:44
Subject: Re:For those with 529s
We also moved it around sophomore year. The VA 529 fund has terrible interest rates for their saving funds though. But I can sleep at night knowing if things tank, my kids can still go to college.
Anonymous
08/19/2024 19:40
Subject: For those with 529s
Each June DH rebalances. Currently rising college sophomore is 75% cash, 15% bonds and 10% domestic stock. Rising HS senior is 45% cash, 30% bonds, 5% intl stock and 20% domestic stock. Still make monthly contributions to stock only. Currently have just enough saved for both with maybe a little left over for graduate school.
Anonymous
08/19/2024 15:16
Subject: For those with 529s
Anonymous wrote:Against the advice of our excellent financial manager, we moved it end of junior year of high school. I run conservative when it comes to this stuff and need to sleep at night. Which he understands.
Smart move.
They are advising based on typical patterns. You just care about one family’s investments.
Bird in the hand… (you have no time to recoup losses)…