529 plans - age based or static? (9yr old)

Parents Forum
1

<p>Just wondering if anyone had any links or thoughts about this, most advice seems to be to go with the age based plan. Just opened a 529 for our 9 yr old today and went with an age based option, however am now wondering if I should change it to an option that continues to grow nearer to, or including the time when he is in college rather than it tapering off into savings in the next couple of years.</p>

<p>Given his age I'm just wondering if I'll get much saving done at all as we are a bit late in starting and usually these plans seem to already be moving towards being more conservative at his age, I suppose they assume you have been saving since the child was born which we have not done.</p>

2

<p>I would go more aggressive until a few years before college…but that’s just me</p>

3

<p>A plan that will continue to grow is a great option of you think the stock market will continue to go up.</p>

4

<p>Well, that’s the risk I guess! Most of the plans drop to 50% investing by the time the child is 13 or 14 which is only 3 - 4yrs away, arguably the risk might be losing out on potential for better returns. </p>

<p>I’ll need to do some more reading about it, it’s hard to know what to do.</p>