OT: start a 529 now?

[pbnative]

When I got pregnant last year, I figured I’d open a 529 plan for my daughter as soon as I could. The earlier the better, it seemed. But things are such a mess right now, I’m wondering if I should just open a savings account for her. Anyone else wrestling with what to do with their kids’ money? Are you taking the same approach as with your own 401k?

[(former)FormerSanDiegan]

I 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.

[(former)FormerSanDiegan]

I 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.

[(former)FormerSanDiegan]

I 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.

[(former)FormerSanDiegan]

I 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.

[(former)FormerSanDiegan]

I 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.

[Coronita]

I 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).

[Coronita]

I 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).

[Coronita]

I 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).

[Coronita]

I 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).

[Coronita]

I 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).

[pbnative]

Thanks 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.

[pbnative]

Thanks 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.

[pbnative]

Thanks 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.

[pbnative]

Thanks 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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