Should I switch my kids’ 529 plans to a brokerage account?

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  • #111798 Reply
    USER

      Should I switch my kids’ 529 plans to a regulaIm looking into a career shift out of math teaching. I like it, I just want to have more income potential.

      A friend of mine is encouraging me to look into becoming an actuary.

      I have a finance degree and have also run a business for 10 years. The tests don’t really scare me, I just don’t know much about the work and how I’d break into the field.

      Any advice?
      r brokerage account?

      #111799 Reply
      Laura

        My son is an actuary and really likes his career. Part of it is he likes problem solving and really likes the company he works for, now works several days remotely, and his team is great, too.

        That being said, it’s not for everyone, so I agree to contact and shadow, etc.

        After you pass a couple tests you should have no problem with job security (you may be recruited at this point.

        My son was paid to study for all future tests and was given many hours off work to study) You will be making a helluva lot more than a math teacher.

        (For reference, I am a retired math teacher!)

        #111800 Reply
        Mindi

          Contact actuaries in your area and ask to volunteer or intern for 6 months, or until you feel you’ve learned enough to break out on your own.

          #111801 Reply
          Gary

            Elise definitely recommend to meet with some actuaries and job shadow them for an hour or so someday. Do this with a few you find.

            I’ve had several friends go back to school for a masters degree, then hate the actual job.

            #111802 Reply
            Debbi

              Look for actuaries in your linked in network and ask people in your network for introductions. See if anyone in your university network is an actuary.

              Search job postings and see what companies are hiring actuaries and where.

              See if anyone in your network works at those companies. Look for professional actuary organizations, join them and attend events to meet people.

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