So we just sold a home and netted $200K which will be used for my kid’s college. They are currently a freshmen in HS so won’t need the money for another 3 years and then need $50K a year for a further 4 years.
Currently, it’s sitting in a Vanguard MM account earning 5% but I don’t think that will last will it? So what would you do knowing it can’t be invested in stocks only fixed income instruments and it all has to be there in 3 years onwards!
Sounds like you already have the $ needed for all 4 years which is a good thing from an investment perspective (don’t need to invest aggressively to meet your goal).
You could front load a 529 with $85k and invest it conservatively just so the earnings are tax free for year 3&4. Where you have it now, the interest is taxable. With the remaining 115k you could do a CD or bond ladder maturing each of the first few years of tuition.