Hello,
Regular MMM reader, first time posting on the forum. We opened 529 accounts for our three kids this year with Vanguard (had previously been saving in taxable accounts with Betterment). We followed the allocation suggestions based on their ages, choosing the most aggressive option for each age group. We are currently contributing the most each month to our oldest's account, since he's 14 and his money has less time to grow. However, the balance on our 12 year old's account is actually higher than our 14 year old's, because of it has a greater percentage of stocks, therefore has been growing faster. Should we move a greater percentage of our oldest's college fund to stocks as well? Or is this risky, as he'll be needing the money in 3 1/2 years?
Thanks for your help.