I have a pile of cash to put aside for my daughter for college (~11,000). She is 5, I know I should’ve put it in an account a long time ago, but alas here we are.
My question is, I never see any warnings about 529s losing value. My daughter will need this money in 13 years, which isn’t a ton of time in market. But neither is 18 years if I were to have put it away awhile ago. So why is this? What happens to our kids if there is a downturn when they’re 16/17? Is there a “safer investment” within the 529?
Submitted December 09, 2019 at 02:37PM by AllUNsaregone https://ift.tt/2qAMfPD
