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re: Advice for Out of La College Savings...
Posted on 4/4/15 at 3:39 pm to MTB
Posted on 4/4/15 at 3:39 pm to MTB
What is your time horizon?
If you have 12 plus years I would recommend a 770 account to where your account grows tax deferred at 5% every year guaranteed and your college finding is not at risk in the market...you take your money out tax free -you can even use it as a hybrid account w/your retirement....
Just my thiughtsthat is what I'm doing...
If you are ok with losing money every seven years then go with a low cost 529 plan,but if you like more guarantees try the 770 account.
If you have 12 plus years I would recommend a 770 account to where your account grows tax deferred at 5% every year guaranteed and your college finding is not at risk in the market...you take your money out tax free -you can even use it as a hybrid account w/your retirement....
Just my thiughtsthat is what I'm doing...
If you are ok with losing money every seven years then go with a low cost 529 plan,but if you like more guarantees try the 770 account.
Posted on 4/4/15 at 9:58 pm to player711
You only lose or gain money when you sell.
I mean, it seems kind of silly to cry about "losing" money at a market downturn when if it acts like you say it will, even if you sell in a valley you still come out ahead compared to a flat 5%
I mean, it seems kind of silly to cry about "losing" money at a market downturn when if it acts like you say it will, even if you sell in a valley you still come out ahead compared to a flat 5%
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