Personal Investments • Which Virginia 529 "account" to withdraw from first?

I'm using the Virginia Invest529 plan, which uses separate "accounts" for different funds (like total stock market or total bond market).

So I have the asset allocation set up across three accounts: stocks, bonds, and cash.

With my daughter heading off to school in the fall, I'm thinking about which account (or accounts) to draw down from first:

• Start with cash? (though it's supposed to be earning like 5% at this point)
• Pull from multiple accounts to keep or adjust the asset allocation as I spend it down?
• Something else I'm not thinking about?

We have a younger son with accounts as well, so I'm not that concerned about daughter's time horizon. We should have what she needs and can always move left over money over to son's accounts.

I did try searching for posts about 529s and withdrawing and Virginia, but didn't see anything that addressed this particular question.

Thanks for your input!

Statistics: Posted by golanalog — Mon May 27, 2024 5:51 pm — Replies 0 — Views 51

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