- Joined
- May 27, 2020
- Messages
- 312
- Reaction score
- 378
Hello,
I was recently accepted to a medical school and am in the incredibly privileged position of having a 529 account with money saved from going to a cheap school for undergrad. This should cover most of my expected medical school cost but I will probably need to find 100k outside of this account. I have a taxable account from which I could probably borrow most if not all of this amount. These rates would be significantly lower than taking out student loans. I am already beginning to rotate some holdings to more conservative positions since I know I will be needing the money in the next few years.
However, my main question is, should I just sell the assets when I need the money or should I borrow against these assets? I would only borrow up to a third to a half of my margin amount to reduce the risk of being forced to sell in a crash.
I was recently accepted to a medical school and am in the incredibly privileged position of having a 529 account with money saved from going to a cheap school for undergrad. This should cover most of my expected medical school cost but I will probably need to find 100k outside of this account. I have a taxable account from which I could probably borrow most if not all of this amount. These rates would be significantly lower than taking out student loans. I am already beginning to rotate some holdings to more conservative positions since I know I will be needing the money in the next few years.
However, my main question is, should I just sell the assets when I need the money or should I borrow against these assets? I would only borrow up to a third to a half of my margin amount to reduce the risk of being forced to sell in a crash.