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Adjusted Investment Amounts

January 4th, 2015 at 07:05 pm

Our oldest daughter turns 18 in March of 2015. At that time we can no longer add investments to her Educational Savings Account. We usually invest $2,000 each year. In order to get the entire $2000 into her account before her birthday, we will need to increase her investment amount from $167 to $666.67.

We are lowering each of our Roth IRA investments from $458.33 to $208.33 to help make up for the increase. We will increase the amounts up to $541.67 after the final March contribution to our daughter's account.

Our investments are all set up automatically from our checking account with Vanguard, so I made the adjustments online. I also put a reminder to make the changes in late March on my online calendar.

Have you made your investment plans for 2015? Did you make any adjustments?

4 Responses to “Adjusted Investment Amounts”

  1. chloe Says:

    I'm impressed by how on top of things you are with these accounts. Also, I wanted to say that I'm enjoying your other blog. Not ready to jump in and get organized yet, but enjoying reading about it Smile

  2. creditcardfree Says:

    @Chloe, Thanks for the compliment on my blog. Jump in when you are ready. It seems the clutter will always wait! Smile

  3. scottish girl Says:

    Will she be having a party or will that be more likely for her 21st? (Some people have parties for both here)

  4. creditcardfree Says:

    @scottishgirl, I highly doubt she will have a party. She just isn't into that. Also, she will be flying home from her band trip the day of her birthday!

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