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Financial Planning / Paying For College
|Subject: Re: Anyone succeeded in paying for college?||Date: 7/28/2014 11:06 AM|
|Author: canonian||Number: 8155 of 8411|
Our kids are 14 and 12. Without putting in another penny if we earn 5% a year we will have enough for them to attend school for 4 years each, 5+ if they do community college the first year or two. I'm not saying we wont save a little more, just simply where we stand right now.
This is for a decent in state school.
The bulk of the money is in Stocks, one Mutual Fund, and some more in Coverdel accounts.
We started saving in 2000, hit some serious home runs, and I did not bail on any of the corrections along the way. The issue I'm confronted with is when do I put all or some of the money in cash. Maybe I'll start a thread on that.
So in essence yes success, however who knows what will happen in the next 4-6 years (that is our final time horizon).
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