Paying for college

ellemenope
Sat, 19 Jul 2008 11:52:26 +0000

Wondered if anyone had any thoughts on whether it would be good, now, to sell the stocks (only about 5 grand) and move everything over to a bond-based, no-risk 529 fund? Son is going to take the $ out in about a year for college so not sure whether it would be worthwhile or just continue to gamble (even though hadn’t started out intending to!) on the market for 40% of our 529?<<




A couple of things to note: just because one is in bonds doesn’t mean that the investment is risk free. Also I agree with Rocketman08 that any $$ you will need in 1 year should be in risk-free vehicles–cash or CDs or Treasury money market account. This is not gambling $$, unless you really don’t need the $5K next year after all.