One thing that bothers me reading the last year - everyone assumes a perfect world like we have.
@Twoin18 says, interest rates are going up. I’m not ready to say we’re going into a prolonged bear market like they did - it’s certainly within the realm of possibility.
I’m already thinking - I should have made the college funds more conservative vs. leaving them in their current basket.
To me, unless you have income (i.e. dividends, bond interest), then you are playing with fire - because assets re-price daily. Dividends have typically been secure although many were removed a few years back but some are now being reinstated (Ford, Nordstrom, Cheesecake Factory)…I’m a fan of muni bonds because they are typically secure, they provide income (although now below inflation) and frankly, the values once you own them aren’t that important…if you have enough, you can fund the education through them…but they’d require a substantial amount of principal to earn that much.
My point here is - people need to ensure their finances are bullet proof…we’re going to find out a lot of people who didn’t plan but said - i’ll figure it out day by day - we’re going to find out so many wrecked their lives.