It’s a recurring mental burden for me. I want the best for my kids, but we don’t make a lot of money. We can from families that helped us make it through college, but we are living overseas (originally from US) in a developing nation doing social work.
My wife and I have Roth IRA’s, maxing one each year, and doing about half of the other. We have about 30K in an investment account from when we sold our house, but that’s the extent of our money outside of a solid emergency fund.
What can we do to prepare for the future? 529 seems recommended, but how will that (and our mutual funds) impact financial aid? Would it be better to move our 30K into the Roth’s over time? We’ve only profited about 2k since we initially invested.
Is $100 a month worth the investment into a 529 at this point? We have big gaps in kids ages, but $100 isn’t going to go very far.
Can we do a 529 with multiple children?
Sorry for rambling. Our kids have been forced to give up a lot with our work and life situation, and want to plan for them.
Submitted November 16, 2017 at 01:54AM by awwrnivore http://ift.tt/2yLuqMC
