OT: Saving for children’s college

[Coronita]

[quote=equalizer][quote=flu]I setup a 529 plan and have reached my target amount there.

[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?

Harvard/Stanford/Cal Tech $50-52K per year.[/quote]

No shit shirlock. So is an ivy league school. I know from experience….

And for your information, 1 kid, 5 years old. And there’s we’re half way there if you count both the ugma and the 529…

The 529 plan you can’t “pick stock”, you have a limited selection of “funds which charges higher fees…Which may/may not offset any tax advantage of “saving” in a 529 versus in just a taxable account (not to mention the 529 account can only be used for select education expenses…though the beneficiary is entirely transferable if you don’t end up using it. It’s great if you have more than one kid. I don’t plan on having one, so it’s not worth the risk for me to over contribute because to withdraw an amount for non-educational use incurs huge penalties. If you really want to know what’s selected in the fund its the usual boring

Vanguard Total International Stock Index Portfolio
Vanguard Total Stock Market Portfolio
Vanguard Income Portfolio
Vanguard Aggressive Growth Portfolio

I at one point had Vanguard High Yield Bond Portfolio but it had it’s run and got rid of it.

And if you’re asking where the funds came from…Consulting/project dollars from system designs on side gigs, which I believe 2 years ago, you were still snickering about in disbelief… while you kept mentioning your “rich friends” that you tend to namedrop were going to outsource everything to India…We(my colleagues) found out that while many folks know how to read droiddocs from the SDK, very few people have no clue on internals….. Android’s doing very well, thank you very much for checking up on that…But I didn’t need a “business” person with no clue to tell me this two years ago nor do I need the same business people to tell me where things are about to saturate and fall over … 🙂

[equalizer]

[quote=flu][quote=equalizer][quote=flu]I setup a 529 plan and have reached my target amount there.

[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?

Harvard/Stanford/Cal Tech $50-52K per year.[/quote]

Vanguard Total International Stock Index Portfolio
Vanguard Total Stock Market Portfolio
Vanguard Income Portfolio
Vanguard Aggressive Growth Portfolio

I at one point had Vanguard High Yield Bond Portfolio but it had it’s run and got rid of it.
[/quote]
Yes, I do have Nevada 529 invested in Vanguard Star. I was just wondering out loud about your thoughts on stocks you mentioned earlier. I did buy a tech put a few weeks ago when VIX was mutliyear low, but I no longer have strong convictions to make necessary bold bets.

I mentioned that I feared that many tasks could be outsourced. I know companies such as Walgreens are starting to outsource some of their accounting. While IBM and others have outsourced many IT tasks, they are opening research centers overseas. While I am a huge skeptic (you may have missed that part), some of the work is probably decent and the research centers may be competitive? Your thoughts?

However, innovative jobs such as yours are very difficult to outsource. Do you think you could outsouce your mundance tasks such as testing? Are you at liberty to discuss any of your older Android work generically?

[equalizer]

[quote=flu][quote=equalizer][quote=flu]I setup a 529 plan and have reached my target amount there.

[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?

Harvard/Stanford/Cal Tech $50-52K per year.[/quote]

Vanguard Total International Stock Index Portfolio
Vanguard Total Stock Market Portfolio
Vanguard Income Portfolio
Vanguard Aggressive Growth Portfolio

I at one point had Vanguard High Yield Bond Portfolio but it had it’s run and got rid of it.
[/quote]
Yes, I do have Nevada 529 invested in Vanguard Star. I was just wondering out loud about your thoughts on stocks you mentioned earlier. I did buy a tech put a few weeks ago when VIX was mutliyear low, but I no longer have strong convictions to make necessary bold bets.

I mentioned that I feared that many tasks could be outsourced. I know companies such as Walgreens are starting to outsource some of their accounting. While IBM and others have outsourced many IT tasks, they are opening research centers overseas. While I am a huge skeptic (you may have missed that part), some of the work is probably decent and the research centers may be competitive? Your thoughts?

However, innovative jobs such as yours are very difficult to outsource. Do you think you could outsouce your mundance tasks such as testing? Are you at liberty to discuss any of your older Android work generically?

[equalizer]

[quote=flu][quote=equalizer][quote=flu]I setup a 529 plan and have reached my target amount there.

[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?

Harvard/Stanford/Cal Tech $50-52K per year.[/quote]

Vanguard Total International Stock Index Portfolio
Vanguard Total Stock Market Portfolio
Vanguard Income Portfolio
Vanguard Aggressive Growth Portfolio

I at one point had Vanguard High Yield Bond Portfolio but it had it’s run and got rid of it.
[/quote]
Yes, I do have Nevada 529 invested in Vanguard Star. I was just wondering out loud about your thoughts on stocks you mentioned earlier. I did buy a tech put a few weeks ago when VIX was mutliyear low, but I no longer have strong convictions to make necessary bold bets.

I mentioned that I feared that many tasks could be outsourced. I know companies such as Walgreens are starting to outsource some of their accounting. While IBM and others have outsourced many IT tasks, they are opening research centers overseas. While I am a huge skeptic (you may have missed that part), some of the work is probably decent and the research centers may be competitive? Your thoughts?

However, innovative jobs such as yours are very difficult to outsource. Do you think you could outsouce your mundance tasks such as testing? Are you at liberty to discuss any of your older Android work generically?

[equalizer]

[quote=flu][quote=equalizer][quote=flu]I setup a 529 plan and have reached my target amount there.

[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?

Harvard/Stanford/Cal Tech $50-52K per year.[/quote]

Vanguard Total International Stock Index Portfolio
Vanguard Total Stock Market Portfolio
Vanguard Income Portfolio
Vanguard Aggressive Growth Portfolio

I at one point had Vanguard High Yield Bond Portfolio but it had it’s run and got rid of it.
[/quote]
Yes, I do have Nevada 529 invested in Vanguard Star. I was just wondering out loud about your thoughts on stocks you mentioned earlier. I did buy a tech put a few weeks ago when VIX was mutliyear low, but I no longer have strong convictions to make necessary bold bets.

I mentioned that I feared that many tasks could be outsourced. I know companies such as Walgreens are starting to outsource some of their accounting. While IBM and others have outsourced many IT tasks, they are opening research centers overseas. While I am a huge skeptic (you may have missed that part), some of the work is probably decent and the research centers may be competitive? Your thoughts?

However, innovative jobs such as yours are very difficult to outsource. Do you think you could outsouce your mundance tasks such as testing? Are you at liberty to discuss any of your older Android work generically?

[equalizer]

[quote=flu][quote=equalizer][quote=flu]I setup a 529 plan and have reached my target amount there.

[/quote]
You already have $200K per child? Good Job!
What are your stock picks again?

Harvard/Stanford/Cal Tech $50-52K per year.[/quote]

Vanguard Total International Stock Index Portfolio
Vanguard Total Stock Market Portfolio
Vanguard Income Portfolio
Vanguard Aggressive Growth Portfolio

I at one point had Vanguard High Yield Bond Portfolio but it had it’s run and got rid of it.
[/quote]
Yes, I do have Nevada 529 invested in Vanguard Star. I was just wondering out loud about your thoughts on stocks you mentioned earlier. I did buy a tech put a few weeks ago when VIX was mutliyear low, but I no longer have strong convictions to make necessary bold bets.

I mentioned that I feared that many tasks could be outsourced. I know companies such as Walgreens are starting to outsource some of their accounting. While IBM and others have outsourced many IT tasks, they are opening research centers overseas. While I am a huge skeptic (you may have missed that part), some of the work is probably decent and the research centers may be competitive? Your thoughts?

However, innovative jobs such as yours are very difficult to outsource. Do you think you could outsouce your mundance tasks such as testing? Are you at liberty to discuss any of your older Android work generically?

[davelj]

[quote=AN]I personally think Coverdell is the best…[/quote]

I always thought David Coverdale sounded like a poor man’s Robert Plant, myself.

Oh… CoverDELL… wrong thread…

[davelj]

[quote=AN]I personally think Coverdell is the best…[/quote]

I always thought David Coverdale sounded like a poor man’s Robert Plant, myself.

Oh… CoverDELL… wrong thread…

[davelj]

[quote=AN]I personally think Coverdell is the best…[/quote]

I always thought David Coverdale sounded like a poor man’s Robert Plant, myself.

Oh… CoverDELL… wrong thread…

[davelj]

[quote=AN]I personally think Coverdell is the best…[/quote]

I always thought David Coverdale sounded like a poor man’s Robert Plant, myself.

Oh… CoverDELL… wrong thread…

[davelj]

[quote=AN]I personally think Coverdell is the best…[/quote]

I always thought David Coverdale sounded like a poor man’s Robert Plant, myself.

Oh… CoverDELL… wrong thread…

[Echoooo]

Moving from another country to SD, we have zero in education accounts. Just did a calculation based on my son’s age. We would have to put minimum $700 each month for each child in order to cover college expenses. It is our 4th year in SD and we have not yet started saving for college, as we heard that saving for retirement is more important and we can withdraw from retirement to fund college and it is better than 529 or Coverdell when it comes to apply for financial aid. BTW, generally who can qualify for financial aid such as scholarships and grants? Does it have anything to do with family income provide no education accounts set up for kids?

[Echoooo]

Moving from another country to SD, we have zero in education accounts. Just did a calculation based on my son’s age. We would have to put minimum $700 each month for each child in order to cover college expenses. It is our 4th year in SD and we have not yet started saving for college, as we heard that saving for retirement is more important and we can withdraw from retirement to fund college and it is better than 529 or Coverdell when it comes to apply for financial aid. BTW, generally who can qualify for financial aid such as scholarships and grants? Does it have anything to do with family income provide no education accounts set up for kids?

[Echoooo]

Moving from another country to SD, we have zero in education accounts. Just did a calculation based on my son’s age. We would have to put minimum $700 each month for each child in order to cover college expenses. It is our 4th year in SD and we have not yet started saving for college, as we heard that saving for retirement is more important and we can withdraw from retirement to fund college and it is better than 529 or Coverdell when it comes to apply for financial aid. BTW, generally who can qualify for financial aid such as scholarships and grants? Does it have anything to do with family income provide no education accounts set up for kids?

[Echoooo]

Moving from another country to SD, we have zero in education accounts. Just did a calculation based on my son’s age. We would have to put minimum $700 each month for each child in order to cover college expenses. It is our 4th year in SD and we have not yet started saving for college, as we heard that saving for retirement is more important and we can withdraw from retirement to fund college and it is better than 529 or Coverdell when it comes to apply for financial aid. BTW, generally who can qualify for financial aid such as scholarships and grants? Does it have anything to do with family income provide no education accounts set up for kids?

[Author]

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