- This topic has 40 replies, 5 voices, and was last updated 16 years, 4 months ago by
Raybyrnes.
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September 30, 2008 at 10:37 AM #14017September 30, 2008 at 11:06 AM #278069
(former)FormerSanDiegan
ParticipantI started a 529 plan for my youngest when she was 6 months old. Automatic payments $100 monthly. It currently amuonts to about $7700 last I looked (well maybe about 7000 after the past few weeks). The cumulative earnings today over the past 5 years is about the same as a savings account (almost zero).
But at least it has been pain-free. Never missed the 100 bucks once I started. I expect that gains going forward over the next decade might outpace a savings account.September 30, 2008 at 11:06 AM #278395(former)FormerSanDiegan
ParticipantI started a 529 plan for my youngest when she was 6 months old. Automatic payments $100 monthly. It currently amuonts to about $7700 last I looked (well maybe about 7000 after the past few weeks). The cumulative earnings today over the past 5 years is about the same as a savings account (almost zero).
But at least it has been pain-free. Never missed the 100 bucks once I started. I expect that gains going forward over the next decade might outpace a savings account.September 30, 2008 at 11:06 AM #278382(former)FormerSanDiegan
ParticipantI started a 529 plan for my youngest when she was 6 months old. Automatic payments $100 monthly. It currently amuonts to about $7700 last I looked (well maybe about 7000 after the past few weeks). The cumulative earnings today over the past 5 years is about the same as a savings account (almost zero).
But at least it has been pain-free. Never missed the 100 bucks once I started. I expect that gains going forward over the next decade might outpace a savings account.September 30, 2008 at 11:06 AM #278346(former)FormerSanDiegan
ParticipantI started a 529 plan for my youngest when she was 6 months old. Automatic payments $100 monthly. It currently amuonts to about $7700 last I looked (well maybe about 7000 after the past few weeks). The cumulative earnings today over the past 5 years is about the same as a savings account (almost zero).
But at least it has been pain-free. Never missed the 100 bucks once I started. I expect that gains going forward over the next decade might outpace a savings account.September 30, 2008 at 11:06 AM #278332(former)FormerSanDiegan
ParticipantI started a 529 plan for my youngest when she was 6 months old. Automatic payments $100 monthly. It currently amuonts to about $7700 last I looked (well maybe about 7000 after the past few weeks). The cumulative earnings today over the past 5 years is about the same as a savings account (almost zero).
But at least it has been pain-free. Never missed the 100 bucks once I started. I expect that gains going forward over the next decade might outpace a savings account.September 30, 2008 at 11:07 AM #278337Coronita
ParticipantI started a 529 plan for my 2 year old two years ago. I wouldn’t sweat it. It’s gonna take awhile for her to use it.
Also 529 are fully transferable, so for instance if you decide you wanted to go back to school, you could change the beneficiary on it to yourself.
In the long run, I don’t think you need to worry about it. Typically, you can pick a few safter investment choices in the 529 (doesn’t have to be all stock).
September 30, 2008 at 11:07 AM #278351Coronita
ParticipantI started a 529 plan for my 2 year old two years ago. I wouldn’t sweat it. It’s gonna take awhile for her to use it.
Also 529 are fully transferable, so for instance if you decide you wanted to go back to school, you could change the beneficiary on it to yourself.
In the long run, I don’t think you need to worry about it. Typically, you can pick a few safter investment choices in the 529 (doesn’t have to be all stock).
September 30, 2008 at 11:07 AM #278387Coronita
ParticipantI started a 529 plan for my 2 year old two years ago. I wouldn’t sweat it. It’s gonna take awhile for her to use it.
Also 529 are fully transferable, so for instance if you decide you wanted to go back to school, you could change the beneficiary on it to yourself.
In the long run, I don’t think you need to worry about it. Typically, you can pick a few safter investment choices in the 529 (doesn’t have to be all stock).
September 30, 2008 at 11:07 AM #278074Coronita
ParticipantI started a 529 plan for my 2 year old two years ago. I wouldn’t sweat it. It’s gonna take awhile for her to use it.
Also 529 are fully transferable, so for instance if you decide you wanted to go back to school, you could change the beneficiary on it to yourself.
In the long run, I don’t think you need to worry about it. Typically, you can pick a few safter investment choices in the 529 (doesn’t have to be all stock).
September 30, 2008 at 11:07 AM #278400Coronita
ParticipantI started a 529 plan for my 2 year old two years ago. I wouldn’t sweat it. It’s gonna take awhile for her to use it.
Also 529 are fully transferable, so for instance if you decide you wanted to go back to school, you could change the beneficiary on it to yourself.
In the long run, I don’t think you need to worry about it. Typically, you can pick a few safter investment choices in the 529 (doesn’t have to be all stock).
October 1, 2008 at 1:25 PM #278902pbnative
ParticipantThanks for the responses! We decided to open the account for her, just have to decide which one. Hopefully she’ll be buying low for awhile.
October 1, 2008 at 1:25 PM #279171pbnative
ParticipantThanks for the responses! We decided to open the account for her, just have to decide which one. Hopefully she’ll be buying low for awhile.
October 1, 2008 at 1:25 PM #279180pbnative
ParticipantThanks for the responses! We decided to open the account for her, just have to decide which one. Hopefully she’ll be buying low for awhile.
October 1, 2008 at 1:25 PM #279218pbnative
ParticipantThanks for the responses! We decided to open the account for her, just have to decide which one. Hopefully she’ll be buying low for awhile.
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