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Post by Chahta on Nov 10, 2021 16:53:15 GMT
Looking to start a 529 for a friend's child. Been looking at a couple but my state of TN has a pretty good plan with low fees (.2% on top of fund fees) using primarily Vanguard funds. The question is for anyone that has a 529, are you using the "age based" or self-directed options? I am going on the assumption that I may not be around for another 18 years (no issues, just saying 87 would be a good run) and think age based might be the way to go. It starts at 100/0 and gets down to 0/100 at 19 years. I am not so fond of that mix but its the way they manage it. Or I could start out at 100/0 for X years then go to 50/50 for the rest of the time. I can't leave it to the parents to manage. Thanks for any advice or experiences.
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Post by yogibearbull on Nov 10, 2021 18:11:23 GMT
I use balanced option for most, age-based for some. That makes it a variable, glide-path like allocation. Age-based start out at high equity for newborns & low/none by age 18.
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