How much saved for college? How old is child?
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Anonymous
| Trying to figure out if we're behind or ahead of schedule, ideas for savings plans |
Anonymous
| 1 year old, 4k saved |
Anonymous
| Talk to a financial advisor. The how much& how to depends on many different personal factors. |
Anonymous
| Almost 1 year old, with 8K saved in a 529 plan. If you live in VA, you can deduct up to 4K per 529 account per child per year from your state income taxes. The money then grows tax free if you use it for college. My wife and I both have an account in our name for our son and we both contributed 4K last year, hence the 8K. |
Anonymous
| Please search the archives. This topic comes up at least once a quarter. Answer your own question by doing a little research. |
Anonymous
| 20K ish -- 9 years old. |
Anonymous
| $220K total, kids are 14 and 11. |
Anonymous
| 0 DH is 6. We plan to pay out of annual income. |
Anonymous
| <$1k for 6 and 9 year old. |
Anonymous
| Go to fidelity.com and click "529 savings"; if you're VA, go to "virginiacollegesavings.com" and get a 529 or VPEP plan. Lots of good info out there. |
Anonymous
The one I did find from 2/2011 did not include many ages, and was more of a discussion about whether to save or not. But thank you for the suggestion, I now know how to search! |
Anonymous
Well, you really robbed the cradle, didn't you? 
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Anonymous
| 30K for 4 yo, 2K for 10 mo. |
Anonymous
| 2 kids 5 and 3, zero cash, we have retirement accounts, but we own 2 rental properties (value about $680K currently) in addition to our house that we will probably liquidate or refinance to pay for college. |
Anonymous
|
5 yo, about $65k.
The most helpful thing about these threads is they force you to consider different methods of paying for college. For example, rental income, refinance, paying off the mortgage and using income, etc. |