If you have followed the blog lately, you may know that I’m a soon-to-be dad. Very soon in fact, about 10 days. I’m both excited and a little stressed.
Excited, because of course I can’t wait to hold my daughter, make her smile, see her grow and teach her all the good stuff this world has to offer. She has a lifetime ahead of her!
A little stressed, for all the same reasons. Man, that’s a huge responsibility!
So a few weeks back, I’ve wondered if there would be great a financial decision that I could already make for her? After some research, the most common advice was to open a 529 plan to financially prepare for her education.
It looks great on paper but I can’t see a good reason for me to open one for her.