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Started By
Message
Started a LA Start 529 Plan for My Daughter
Posted on 7/25/14 at 3:18 pm
Posted on 7/25/14 at 3:18 pm
Daughter is 3 years old. Started a 529 LA Start plan for her. Below is how I have allocated my contributions. Any thoughts?
50% VASGX
20% VITNX
10% VSISX
10% VMISX
10% VLCSX
50% VASGX
20% VITNX
10% VSISX
10% VMISX
10% VLCSX
Posted on 7/25/14 at 3:30 pm to ThatsAFactJack
Hang on. Let me plug those into my computer and see which ones will be the best earners in 20 years. BRB
Posted on 7/28/14 at 11:05 am to ThatsAFactJack
That's a good group overall, but you've got a lot of overlap. VASGX is meant to be a one-fund portfolio.
For example, it holds 56% VITNX. You are holding an extra 20% in your portfolio. Also, VITNX is a total market fund, so it represents VSISX, VMISX and VLCSX.
Like I said, it's a good group of funds. But if it were me, I'd put it all in VASGX.
For example, it holds 56% VITNX. You are holding an extra 20% in your portfolio. Also, VITNX is a total market fund, so it represents VSISX, VMISX and VLCSX.
Like I said, it's a good group of funds. But if it were me, I'd put it all in VASGX.
Posted on 7/28/14 at 12:56 pm to Sigma
quote:
Sigma
Yes I know VASGX is meant to be a one-fund portfolio. Just figured since this money is in holding for 15 years I would pick a few other funds just for the heck of it. I can always change my allocations.
Thanks for the reply.
Posted on 7/28/14 at 6:38 pm to ThatsAFactJack
Do the 529s offer any amount match or is just a tax free account? (pre or post earnings?)
Posted on 7/28/14 at 7:01 pm to jsquardjj
very interested in these and would like to start one. I've even heard some states have prepaid plans that let you lock in today's tuition prices but I don't know the best place to start one
Posted on 7/28/14 at 7:21 pm to jsquardjj
quote:
Do the 529s offer any amount match or is just a tax free account? (pre or post earnings?)
Funded post tax, earnings are tax free if used for education-related expenses. Some states offer a tax break if you fund that state's 529 plan as a resident.
Posted on 7/28/14 at 7:22 pm to pjnchamps
quote:
very interested in these and would like to start one. I've even heard some states have prepaid plans that let you lock in today's tuition prices but I don't know the best place to start one
What state are you in?
Posted on 7/29/14 at 8:04 am to pjnchamps
Louisiana matches a certain amount depending on your income. Pretty small amount for anyone with a decent job, but it is still something.
Posted on 7/29/14 at 12:34 pm to jsquardjj
quote:
jsquardjj
quote:
Do the 529s offer any amount match or is just a tax free account? (pre or post earnings?)
LA Start does offer a match based on your AGI. 2-14%. I am receiving 4% match. The higher your AGI the lower your match.
Posted on 7/29/14 at 4:06 pm to ThatsAFactJack
Are there any grandparents that might fall into the 14% match range? You can gift money to them and they can donate. You would lose the state tax deduction but the additional 10% match would most likely make up for it. However, the 529 would be owned by the grandparent.
Posted on 7/29/14 at 11:27 pm to ThatsAFactJack
Grats on getting this started. I'm with VEST so can't comment on the investments but I would imagine you are fine.
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