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re: 529 Balance and Investment Options
Posted on 3/13/24 at 8:18 pm to masoncj
Posted on 3/13/24 at 8:18 pm to masoncj
quote:
have 529 for my senior HS daughter and intend to leave it S&P fund for durations of her college education.
You have to remember your only taking out funds as you need them
Depending on your daughter’s qualified education expenses, that’s incredibly ballsy. Like a lot of balls.
For the OP, I’d be targeting closer to 30% stocks. You have funds you know you’ll need in 2.5 years and you can get quality yield on short term options. No point in risking it this close to the finish line.
1
Posted on 3/13/24 at 9:53 pm to slackster
Use some simulator tools and see what you come up with …it’s fun to play around with
I like HonestMath app myself ..try it out
Original poster said he hoped to have $120k saved
Using that as a bases
The Software ran 10000 simulations (I did it based on S&P returns of 10% per annum, my daughter 529 is right at 15% since inception mind you)and worst case scenario would be that she was short $2500 at time of graduation
Best case is she had $40k left in account
I will take those odds any day of the week
I like HonestMath app myself ..try it out
Original poster said he hoped to have $120k saved
Using that as a bases
The Software ran 10000 simulations (I did it based on S&P returns of 10% per annum, my daughter 529 is right at 15% since inception mind you)and worst case scenario would be that she was short $2500 at time of graduation
Best case is she had $40k left in account
I will take those odds any day of the week
This post was edited on 3/13/24 at 10:12 pm
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