529 vs high yield savings account
Hi Terry
My daughter will be heading to college this fall. we have been saving in a 529 plan.
I will have a few thousand dollars that i want to put aside for her next month.
with the market and all its fluctuations, should i continue to put more in 529 considering i will need it shortly, or should i put in a high yield savings account instead?
Terry Says
Since your time horizon is so short, you should put it in a FDIC insured money market account or CD. AND, you should check the investments INSIDE your 529. Now is the time to move half to the most conservative choice.
