I am a 40+ single dad (mid career engineer) with a 8th grader. Trying to figure out the best way to set him up for lifelong success without going into soul crushing student debt. I have been pretty disciplined with retirement saving(tax deferred low cost index funds) and emergency funds and am not too worried about my personal finance. I also have about 60k invested in low cost index funds that I plan to continue to contribute to. I never set up a 529 type account since I was never sure where and if he was going to school. My thoughts were that he would take out student loans if he decided to go to college (strongly advised, starting with two year community college) and I would help him with the payments after graduation from the investment account that I will continue to fund. I know this is a bit nebulous but is my idea completely nuts? Also wanted to say that this subreddit is amazing in its wisdom and how much compassion it shows to people in distress. You all are amazing!!
Submitted January 08, 2019 at 12:30PM by viplob http://bit.ly/2Qu6e9C
