Opening a 529 for my kid and need to dump $20K into it. Our state has limited options for investments. Target date funds, some vanguard and T-Rowe price equity (growth, value, international all with small mid large cap mixes) and bond choices. With the market where it is right now... any recommendations on what to pick? I know you don’t want to time the market, but $20K is a large lump sum to dump in at high in the market. Perhaps, DCA it into a value and international heavy mix.

like
Posting as :
works at
You are currently posting as works at

Warren Buffet and Jack Bogle recommend a simple S&P index fund. Hard to argue against that

like

When in doubt, use the target date. 529 accounts need to be rebalanced more often because the life span of the account. T Rowe one of the best active managers in the industry

like

I’ll spread out the deposits across 12 months

I’m trying to max out the deduction for this year for tax purposes. Going forward, we are doing incremental deposits.

I’ve already dropped the money in and it’s sitting in a money market fund. I am trying to determine what to do with it.

What state? I’m in ny and while also limited options they work just fine given the supposed simplicity of them. Yours might be ok as well. Most well renowned organization like trowe and other target date funds will do the job

You don’t need to use your state’s 529 plan. You can use other states as well. Just need to find the broker who can open that type of account.

The state of Illinois limits special state income tax deductions to their selected plans. So I cannot use any brokerage. I am surprised that other states do not have similar arrangements.

My state offered date funds or a dozen funds where you could set your own custom ratio. I went custom because 1) I like to be 5-10% riskier than the date fund recommendation, and 2) my state has higher fees, so if I move in the next 10 years, the 529 I’d most definitely shifting to Vanguard, where I can get more personalized advice.

Related Posts

Hi ladies!

After years of hard work, I just got my first position in a leadership role! Yay! I’ll be leading a team of 12.
I wanted to know if you had any tips for me, things you wish you knew before, or things previous leaders did for/to you that you found admirable or stayed with you. I want to make sure I’m there for them and want to be a leader they will remember positively.

Thank you so much!!

like

Hi! Does anyone know what the State and Local Tax Associate salary at PwC in the NYC office (remote role) should be? Helpful if other big4 with same group can respond as well so I can gauge. Thanks!

like

Has anyone been in a Corp dev role at a PE operating company throughout the entirety of the holding period? Did you stick around after the exit? What are exit ops like? My fear is a Corp dev team is the first to go especially if picked up by a strategic. Any thoughts?

like

Anyone open to giving referral at Amazon on for an MBA internship.

Has anyone been hired for a support position like instructional coach only and then put back in the classroom for multiple grade levels at the middle school while doing some of your actual job

like

I am desperately looking for SDM or Wintel/VMware infra manager role, have 13 YOE , i have ITIL, CSM certified , please help me with the leads, job portal aren't helpful.

like

MBB folks, I’m a Product Manager (non-tech company) and interested in working at MBB.

Which level/role does MBB can offer me ?

like

Hi! I started at a new company 2 months ago and while I’m really enjoying my job so far, I’m having a hard time gauging whether or not I’m doing a “good job.” My role seems to be always evolving, which is fine and I actually enjoy being a support to the greater marketing team, but I feel like I need better defined targets to make sure I’m meeting expectations. Also, when I ask my boss what they’d like to see, I don’t ever get a clear answer. (Cont’d in comments)

like

What blogs/books/resources should I seek out if I want to make the transition from passive trading (index funds/buy and hold blue chips) to more active trading (options, speculation, spending a few hours a week researching, etc)? I’m looking to turn my investing into more of a side hustle

like

Hi everybody ! I’ve been working in Dubai for the past 6 months as a Marketing Manager in a Web 3 firm. Coming back to the US due to visa status, I’m looking for a similar position in the Crypto Industry. Due to the very technical nature of the industry and market sentiment, there are only software engineers being hired and no marketing :/ any recommendations to go into those technical Industries as a marketer ?

like

Hello Fishes,

Looking for referral
Goldman Sachs Microsoft Northern Trust Wells Fargo

1. I have 11 years of experience in Operations & Project Management.
2. Have implemented innovative and digital transformation projects such as ERP and IT Simulator.
3. Carried out process improvement and Cost-Benefit Analysis.
4. Engineer with MBA degree.
5. Certifications are :

Certified Project Manager (PMP)
Certified Scrum Master (CSM)
Lean Six Sigma Green Belt (LSSGB)

Looking for managerial roles.

like

Does anyone have and pay for both Chase Sapphire Reserve and Amex Plat. Would you recommend having both?

like

Best way to redeem UR points? If answer is travel, how do you know you're getting a good deal?

like

What is the expectation for Strategy & Ops roles at Salesforce? I’m a functional consultant that works on Salesforce Sales/CPQ implementations at big 4 - would I fit into the Strategy & OPs role?

like

I was working for ad agency here in Minneapolis and they reached out to me on LinkedIn without a job description saying that they wanted a seasoned digital project manager which I am. I accepted the offer and started working for this agency and now 6 months in they are asking me also do Wireframes and Content planning together with a project manager role as their team is super small and they do not have dedicated ux/ui and seo members in place.I said that is not my part of the job and parted.

like

Anyone know of someone looking to sublet a 2BR/1BR starting September. Pricing would be $2700/ month + 1 month free (not included in monthly pricing).

Open to offering a referral bonus to anyone who can help provide a replacement.

funny

Hi

Can someone please help me with refering in Tcs for Technical Project Manager or Senior Project Manager role really need your help i am looking for a job change.I have 11 years of experience in .net development and Project Manager role using Agile and Safe

like

Does anyone have experience or insight as to how best to navigate receiving a large settlement bonus (not something that happens on a regular basis, and so is not “expected” income) while on fed student loan income based repayment plan? Next year they will bump up my monthly because my tax return reflects a higher income than my actual salary.

like

More Posts

Anyone has salary info for AVP and/or VP positions in big 5 banks?

like

What is the proper title of someone who is a PR manager and over Influencer campaigns ?

like

Recently, we are seeing 2Cr+ packages being offered to IITs fresh graduates.

I'm wondering
What are the special skills IITians possess that they are par from even 10-15Yoe in other companies while being freshers only?

What work will they do at such companies that they are being offered this much?

What non-IITians with experience should do to get similar salaries?

While I'm aware that ~$100K is average to good salary for fresh graduates in US but some companies offering similar in India!

like

Any Amex platinum referral?

like

Do people tend to age out of wanting to FIRE?

In your 20s-30s, you don’t know much, you’re told what to do, you have few financial resources so you are tied to your job. Under these circumstances it makes perfect sense why you would want to FIRE asap.

But eventually you advance up the ladder, you are now the boss and your people do all the grunt work. You also have built up expertise which makes the job easier. And you are making the best money of your life. FIRE is no longer so pressing.

likesmart

Hi,

Please let me know in comments if you have referals for Mainframe technology Yoe 5.4

like

Hi folks,
Got promoted for L4 , SIM has been raised for me. Manager and L5 approvals given. HM said its in process and will take sometime. Can someone tell me how long will this process take. Its already been 2 weeks and didn’t get any mail.

like

anyone working in Malaysia? What should be the approx salary for someone going for work in Malaysia, KL.
Yoe- 25 years, industry- renewable energy

like

BE WARY OF FAKE SPRING, NEW CHICAGOANS

likefunny

Any difference between Tax Consultant I and II at Deloitte ?

like

Any Security Solutions Architects at AWS willing to chat?

like

Any working mums in here? Please provide advice for a new mum who is about to go back to work after maternity leave, it’s a new company, bigger salary and a great financial services brand! But I feel so guilty being a new mum, how did you guys do it? Any responses would be greatly appreciated.

like

I’ve never made “a book” and want to apply for art director roles. Where do I look for inspiring examples?

like

Does anyone know how much is the compensation for external recruiters? I have seen some of them worked in accounting before which makes me wonder if the comp is better. Like do they get big commissions for each placement they do? Just wondering…

I'm struggling with imposter syndrome. I'm from a working class background, c.10 years exp in marketing & c.3 years in snr leadership. I'm in an exe leadership team with all men. It's all very fluid. Frequent restructures. Bitching/gossiping at snr level.

I feel like I'm not good enough, dynamic enough, doing enough. I ask open qz, probing for feedback. It all seems positive/constructive. With the toxicity, I don't trust any of it. Does anyone have any suggestions to navigate and overcome IS?

like

Going to a wedding cocktail party and the attire is “preppy asshole” - what am I supposed to wear!?

funnylike
like

I'm at a career juncture and have decided on a career in anti-money laundering as my new path. I'm also highly interested in additional education to further my career and am eyeing graduate school. Which is best? A law degree or a master's in international relations? Those are where my interests lie. I keep reading that JDs are valued in compliance but am wondering if a different graduate program is better for my goals. I already plan to obtain the CAMS certification. Thank you!

like

Hi Fishes,

How is culture at Hexaware ? Especially there Central Bid Management or RFP team?

Coming in as senior associate at a PE firm next month. Too aggressive to discuss carry & coinvestment possibilities first week?

Additional Posts in Stocks

Bad time to switch out of dumb stocks and into index (tech / high risk stocks) or just hold and dca cash / new cash into index? Yes I should’ve been doing this / should’ve earlier in the year, but I was being stupid and stubborn in holding

like

Lost and honestly depressed😔

like

Thoughts on CrowdStrike? Hold/buy/sell 🤔

like

Hows it going people. Any interesting trades to share? Missed out a 50% gain on Peloton 😓

like
like

If I wanted to throw in a $1000 as a gamble into a mix of crypto, which ones should I go for? Anything like SHIB that can go to the 🚀?

like

Can anyone recommend a promising SPACs to invest in?

like

Would crypto crash start impacting semi shares. NVDA 120-100 coming?. What about other semi stocks. If btc goes to 10k ppl will stop mining. What are your thoughts

like

What do you all think the odds are that China invades Taiwan next? I have a few thousand in NIO and am down... really hoping to get out of my position when I'm positive and move it to TSLA. Starting to become fearful that China will invade Taiwan before Biden is out of office and my NIO position will get destroyed...

like

Ctrx-anyone watching this company’s recent FDA headlines?

like

Hello! Any thoughts or anyone investing in Novavax?

like

does anyone use simplefx for crypto? Do you like it ?

like

What stocks are people buying and selling anticipating recession?

like

First time building Roth IRA account. Stocks you think I should add?

like

Should I sell my stocks before or after the end of the year? For tax purpose.

like

Nvidia hold or sell?

like

Grabbed 50 shares of NET at $30, just for fun. Now the stock is $160+ and kicking myself for getting in so small😭

like

Thoughts on ETSY?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal