Paying for College: What to Do When Your 529 Is Tanking

Buoyed by a run of good news in the stock market, I recently decided to check the balance in my son’s 529 college savings account for the first time in many months. To my dismay, the account was still down some 40% from a year ago, far below the amount my husband and I had originally invested. Given the extent of the losses, I couldn’t help but wonder: would it make sense to just ditch this thing?

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