Is it wise to invest in a 529 Saving plan, even while our Economy is in a recession?

future firm
rtang@sbcglobal.net asked:

I want to invest in my child’s future for college. Is the 529 Savings plan an investment of choice? Where do i start, and how should i decide what company/financial firm should i start with? Our Economy is in a recession, is this a good time? I want to contribute about $50-$100 monthly.



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One Response to 'Is it wise to invest in a 529 Saving plan, even while our Economy is in a recession?'

  1. AB - September 8th, 2009 at 10:56 pm

    Invest in a plan for your child only if you have already invested enough in your retirement account to get an employer match. It depends on the age of your child. If there are 10 years or less until they will need the money, you should still open a 529 but put money into CDs or other safe investments. If your child has just been born, you have about 20 years to let that money grow so you can risk putting it in the market.


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