529 plans and meals

BrewCrew82
Tue, 08 Nov 2016 03:17:25 +0000

@therealtomrose thanks for the advice, but I don’t really agree with your suggestion. I think we have enough to cover about 7 of the 8 semester’s, assuming he graduates in 4 years. The “extra time to grow” is a bit irrelevant as, at this point, We have the majority of the money in a very low risk investment (basically cash and a small portion in bonds). It would be unwise to keep your money in any high risk “growth” type investment once your son/daughter is already in college (or even in his/her later years of high school). Especially considering that the markets are just off their all time highs. We gradually moved our 529 money to lower risk investments as our kid got older.

Although, I guess your thought process might make some sense if you only think you have enough to cover 50% or less of your kid’s college.