Suggestions

:speech_balloon:

Model contributions based on a set goal + date

I would like to be able to do this with my kids’ 529 – I know how much in today’s dollars I want to have in the account and in what years. The system should be able to work backwards from those facts plus the current balance to calculate necessary monthly contributions, and to update my expenses accordingly.

3 votes

Tagged as Suggestion

Suggested 28 October 2022 by user Kelsey

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  • 28 October 2022 Kelsey suggested this task

  • 28 October 2022 Kyle Nolan approved this task

  • avatar
    Ryan McCool

    2nd this one.

    I would like to have an expense that tracks to this contribution during a defined period so that the account is ready to support the expected later draw-down (yearly college expense, or one time gift). Like the OP, I would use this for my child’s 529 and a stock account in my name, but for her once she graduates / whatever.

    14 May 2023
  • avatar
    On line

    Also an option to stop funding at a certain date/age or fund through their college. A lot of calculators I see online assume you stop contributing at age 18 and use the funds. It’s also nice to be able to contribute while they’re in college (possibly).

    18 August 2023
  • avatar
    On line

    We do need to think about inflation rate of college/education being different from the economy inflation rate (currently it’s 5-6%). Maybe there needs to be a separate education inflation setting.

    18 August 2023