I'm thinking about opening a college savings account (529). I figure with investing, the earlier the better. I'm sort of struggling how to think about the approach here. I don't think a 529 requires full annual contributions for 18 years, even if one had the income to do so. Right?
1. What is the ending balance that seams reasonable to target?
2. I can't predict anything yet about my three month old - does she have potential? Who knows. Do I set her up for a public university? Private university? Ivy League?
3. We know that tuition costs will be higher in the future, but could we safely predict an average inflation rate?
1. What is the ending balance that seams reasonable to target?
2. I can't predict anything yet about my three month old - does she have potential? Who knows. Do I set her up for a public university? Private university? Ivy League?
3. We know that tuition costs will be higher in the future, but could we safely predict an average inflation rate?
Statistics: Posted by Elbukari — Wed Jul 31, 2024 12:18 am — Replies 1 — Views 202