[quote=rcfe]actually not. we have heard different theories of 529. main disadvantage is limited portfolio choice, poor performance and decreased chance of getting financial aid. We are not qualified for any aid anyway based on family income.[/quote]
I’ve been pretty happy with my kids 529 plan @ vanguard…. Passive indexes slow and steady.. I use the Nevada plan, since I don’t like the CA one that isn’t done by vanguard, and there is no state tax benefit with a 529 in CA
But like you, we wouldn’t qualify for financial aid anyway…So that negative is a non-issue.
I think the only drawback is if you have one kid and your kid doesn’t go to college……In my case, I would be screwed…
I would plan on property funding your retirement when you’re not working, no so much as funding your kid(s)’ education which is probably more of a nearer term….
I started put more emphasis on property simply because I had too much counting on the equity markets, so it was my way of diversifying. It’s not without risks too…So it’s not exactly “easy money”….
