SnowballCamper
Full time employment: Posting here.
- Joined
- Aug 17, 2019
- Messages
- 691
WA state's 529 plan is basically prepaid tuition, but only tuition up to the highest cost state school, and we're all paid up for five years of school.
For other expenses I have a coverdell education savings account with about 21k of VOO (Vanguard S&P 500 ETF) which has done nicely so far.
College starts in about six years, and the coverdell contribution limit is 2k per year.
Looking for suggestions on the way forward in terms of AA and specific funds, but mostly the thinking behind the recommendation.
On the one extreme I could stick with VOO and try to get out before the dip is too deep. I think we're due for a correction, but have no idea if its next year or in ten years.
I could buy into a bond fund with new contributions, but which one?
Also, any 'tricks' to know about in terms of the coverdell rules?
Thanks.
For other expenses I have a coverdell education savings account with about 21k of VOO (Vanguard S&P 500 ETF) which has done nicely so far.
College starts in about six years, and the coverdell contribution limit is 2k per year.
Looking for suggestions on the way forward in terms of AA and specific funds, but mostly the thinking behind the recommendation.
On the one extreme I could stick with VOO and try to get out before the dip is too deep. I think we're due for a correction, but have no idea if its next year or in ten years.
I could buy into a bond fund with new contributions, but which one?
Also, any 'tricks' to know about in terms of the coverdell rules?
Thanks.