I have a short term horizon (1-2 years) for some 529 funds. Our 529 provider just added a new Short-Term Bond Fund. Is this a better option than an intermediate bond fund or money market fund if/when interest rates go down?
Right now, the funds are in the MM option, earning 2.67%. I like the 529 for the tax deduction and have no interest in changing providers at this point. I just want to choose the best fixed income option, and I don’t understand bonds at all. I know, I know, I shouldn’t invest in something I don’t understand but I only really understand equities and 100% equities seems like a bad idea with such a short time horizon!
Right now, the funds are in the MM option, earning 2.67%. I like the 529 for the tax deduction and have no interest in changing providers at this point. I just want to choose the best fixed income option, and I don’t understand bonds at all. I know, I know, I shouldn’t invest in something I don’t understand but I only really understand equities and 100% equities seems like a bad idea with such a short time horizon!
Statistics: Posted by meadowrue — Fri Aug 09, 2024 3:06 pm — Replies 0 — Views 14