How much do you put into a 529 each year?
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Anonymous
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I was wondering when people on this forum say they max out college savings how much they are putting in.
We have a DC 529 plan and each put in 4K per year for the DC tax reduction (total of 8K for married couple filing jointly). Does anyone put the maximum of 13.999K that you can give as a gift to the beneficiary? |
Anonymous
| We do $15k/kid. You can each gift to each child. |
Anonymous
| So far we've put in $10k per child per year. Feels right for our income. We have a 3yo and an infant. |
Anonymous
| We out in $500 a month for our 13 month old. Will probably up that soon. We live in a state with no income tax. |
Anonymous
| $12k per year for our 2 yo. may cut back in a few years but figured we should put in a higher amount early on. |
Anonymous
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Income of $160K with two kids, a freshman and a junion in high school.
We put in $4,000 per kid in each kids DC 529 account, plus another $3,000 per kid in a Utah account. |
Anonymous
| $600/month, plus grandparent gifts. We have about $120,000 for a 10yo, which isn't what it should be because I had the investment allocations set too conservatively for years. |
Anonymous
| We did a one time $25k and will do $10k a year I think. |
Anonymous
| I put in 1000 per year with 2 kids. Single mom. Income of 77k. I think its important to see figures like mine too too because even lower middle class people can save a bit here and there. I am more the norm than 99 percent of replies on this board. |
Anonymous
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180 income: $6k/yr in oldest (now in 7th), $3600/yr in middle (now in 3rd grade), $3000/yr in youngest (now in 1st grade).
I'd like to start throwing more towards the oldest since we got a late start with hers, but it's tough while trying to max out retirement and put something away for vacations and home improvements. Oh yeah - can't forget the kids' expenses! |
Anonymous
| We put about $5k per kid per year. That's what the calculator tells us will be needed to cover costs at in-state public. |
Anonymous
| $9k per year, per kid. |
Anonymous
| 6k a yr total for 2 kids, so 3k for each. Started at birth. DH and I both have student loans and once those are paid off will take those payments and apply to 529s. |
Anonymous
| Two kids, 10k a year for each child. |
Anonymous
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About 2500 per kid per year ... (and that includes gift money from grandma).
Not a lot. Better than nothing... |