529 Savings Account

[aprilgail2]

I'm still reeling over my 401K - IRA that has taken such a hit, but that I will keep vested (for now)...

As soon as the stocks took a hit thats when I upped the amount I was putting into my 401- buy low! Right now my 401 is doing awesome! Last statement had earnings of 24 percent!!

 

[mjkacmom]

As soon as the stocks took a hit thats when I upped the amount I was putting into my 401- buy low! Right now my 401 is doing awesome! Last statement had earnings of 24 percent!!

Smart! When dealing with long term investments, you have to take the emotion out of it. So many people make the mistake of getting out at the bottom, instead of investing more.

 

[HM]

We have accounts for both our kids. We took a HUGE hit when the stock market crashed. Just this past quarter we finally got back all that we had put in ourselves and earned $25. We kind of wished we'd kept the money in savings all these years....we would be way better off. And our son starts college next year.