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I had my kids in 2001 and 2003. I just started putting money away into 529 funds and that was kind of all my thought process. If I spent time then thinking how
by markphip 3y ago
I had my kids in 2001 and 2003. I just started putting money away into 529 funds and that was kind of all my thought process. If I spent time then thinking how expensive it would be when the money would be needed, that would have been paralyzing. As I mentioned, along the way I got lucky and was involved in two modest exits that let me put enough into savings that I had enough combined with the 529 to basically say I would pay for their undergraduate. Obviously, I could have just kept that money for myself but it was what I wanted to do. I have had various retirement savings all along so that I feel like I am OK provided I do not live to be 90 or something.
My last exit happened end of 2019, just in time for me to get it all invested in time for the pandemic to start. I am pretty sure I turned all that investment into cash at the bottom of the stock market and did not really get it back into investments in time to make it all up. Around end of March 2020 I was definitely expecting the stock market to keep falling and panicked. I probably would still have money for myself after paying for college if I had just not touched it and caught the rebound.