How do you save for graduate school? Confused about the best way to manage my money
I have read through the many posts on savings on WSO, but I have a few specific questions in regards to saving for bschool and how people tend to view the subject.
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How much of my savings should be cash vs 401k? Say I want to go back to school within 2-3 years, does it make sense to hold my savings in cash vs a more volatile brokerage account? Example: someone has ~15k saved in cash. Is it foolish to hold this amount of cash vs. letting the money grow in a 401k or other brokerage account, even if the funds will be used for school in the next few years?
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Should my priority be saving cash for bschool, or maxing my retirement savings? How did you break up your savings (cash, 401k, other brokerage account, etc)?
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If you're only able to save 40-50k before bschool, and will have to take lots of debt anyways, does it really matter?
Would appreciate any insights...thanks!
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