u/nipseyrussellyo

Maybe a dumb question...heck the story is dumb!

Background:

• Have an 18 yo leaving for uni tomorrow
• Divorced for like 12 years
• Ex and i are splitting cost of college 50/50
• Totally forgot i had set up a 529 (brightstart) when the kid was small. Apparently the ex forgot, too. I remembered when i went to the uni pay portal.
• Stopped contributing around time of separation. Hadnt even accessed the account in so long i had to call to get access reinstated. Thought there was like 5k in there, so i wasnt really excited when i remembered. Turns out there was multiples more and thanks to compounding, its now > half of 4 years of college!

So here's the root of my question.

• the ex already paid her half, $10k (i now have to pay the other 10k in the next few weeks)
• Question: Am i able to pay myself from the 529 for her 10k and then pay her the 10k back?
• Is there any weirdness that will happen from that? LIke taxes or anything?

Thanks for letting me know any considerations. I did just tell the ex, and since we will spend more than the 529 anyway, she is apparently ok with just dealing later if i cant fix it now. Thats what she says now, she may change her mind later!

Yeah, so i know nothing about bonds, apologies for dumb questions. The only individual bonds i own are in an inherited IRA and my parents' weird advisor had tons of $5k here and $5k there investments including several bonds. I went through the account years ago and for the most part got rid of their investments, but the fidelity guy advised not to sell bonds as the rates were pretty good at the time. Anyway, now i'm getting literally giant books about QVC in the mail, and i didnt even know i owned it!

So i own 5,000 shares of 747262AM5 QVC INC NOTE CALL MAKE WHOLE 5.95000% Mar-15-2043. Cost basis $4832 (see, i wasnt kidding), down 51% as of today.

What will happen to this?

I know its still up in the air, but what should i expect re interest payments and repayment at maturity (17 years!)?

Should/can i sell it? Its not much $, so this is more out of curiosity and if i just sit on this or take action.