I have a rollover IRA of $70K from a prior job to fund my child's college. It is a mix of mutual funds and ETFs. It has since grown to $90K without me putting at lot of money in it, only about $6K in the last 4 years. Would like to see it hit at least $150K - however we have about 5 years left (AUG 2030) until the child graduates high school and presumably starts college - and am calculating will need at least $150k-$160K including housing to cover at minimum, if not more!
My real question is I am unsure what to do with that rollover IRA for the child's college - should I just leave it in there and pay for the taxes as I withdraw to pay for taxes (no penalty for college is allowed), or roll it over to another tax-savings construct like a 529 savings plan - I'm just doubtful I'll have access to the same funds / ETFs that have made it money these years (VOO, SPY to give just a couple of examples in the portfolio).