Why I abandoned my 529 college savings plan and

switched to Series I bonds instead

With the market and inflation going nuts, it’s hard to keep investing, so I’m temporarily diverting

A parent can do a direct rollover from I-bonds to a 529 account, and then the funds can be used tax-free for much more than tuition.

Last year, with markets going nuts and inflation still roaring, as soon as I would put money away for college, it seemed to lose value immediately.

My kids are still in high school, and the one thing I know for sure is that I shouldn’t cash out. Staying invested is the savvy choice for meeting long-term goals, even when that long term is just a few years. But in conditions like these, it can be hard to keep putting new contributions into stocks. Read more

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