Jill on Money with Jill Schlesinger 529 Assets Not Growing
Jan 3, 2025
The podcast dives into the perplexing stagnation of 529 college savings plans despite a booming market. Listeners hear about the strategic balancing act required for retirement planning, especially after a layoff. An engaging discussion uncovers doubts about annuity investments, stressing the importance of understanding personal financial situations. Additionally, experts emphasize the need for revisiting financial goals following major life changes and the benefits of different investment options like Roth 401(k) plans.
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Episode notes
Strategic Gifting
- Accept gifts strategically, even if they come with minor inconveniences like separate accounts.
- Focus on the overall financial benefit rather than small details.
Retirement Allocation
- Avoid sector-specific funds like energy funds or minimum volatility ETFs when nearing retirement.
- Focus on a diversified portfolio with stocks, bonds, cash, and potentially real estate or commodities.
529 Plan Performance
- Rebalance 529 plans to a higher stock allocation if comfortable with the risk, especially with a longer time horizon.
- For a 13-year-old beneficiary, a more conservative approach might be suitable.