Tl/dr: if you’ve got the money, how big of a lump sum should you put away now and what investment vehicle would you use to help your kids with college?
I’ve been fortunate to come into a modest lump sum. I’ve got my own 401k on track for retirement, very little debt, and a small emergency savings fund.
I’ve got three boys all under 8 yrs old. I’m wondering if there’s an amount of money I could put away (lump sum) for them right now that would set them up for college success? And is there a recommended investment vehicle?
Assuming I’d cover the cost of in-state public school tuition for a 4 year degree for each of them.
I’ve read about 529 plans, but they seem pretty restrictive. Anything more flexible out there?
Thanks so much!
Submitted December 09, 2018 at 11:24PM by lWitnessMel https://ift.tt/2G8HFiI
