Our son graduates in May, will be attending a state college with annual tuition of roughly $20K, and we have $31K in his 529, with $500 monthly contributions that we will continue to make. The recent market turn has dropped the balance by $2k and I need advice on how to adjust our allocations for a volatile market when we do not have the benefit of time for recovery.
Current allocation is 53% 500 Index, 19% 100% Equity Portfolio, 10% 90% Equity Portfolio, 9% Short-Term, and 9% Cash. I am a very naive investor, and have treated this as a set it and forget it fund, but need advice on the best path forward for these next four years.
This is a Kansas 529 Learning Quest account, where we get up to $6000k credit in State Taxes.