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Reply to "Tips for saving for college? How much to do you put into your kids college savings acct?"
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[quote=Anonymous]While it's not very DCUM-ish, we don't save for college. Our parents did not pay for our schooling, and we fully expect our kids will take on their own loans to pay for theirs. Grandparents do contribute to a 529 that will offset some of the difference in the very high cost of college today vs. what it cost 25 years ago, but it is more important to me that we save adequately for retirement so that our kids won't be saddled with caring for us then. If we had a windfall or new jobs that allowed us to max out retirement and also save for college--absolutely we'd start contributing to the 529s. But right now we don't have the resources to do both, and have decided (in part based on advise from a financial advisor) that retirement saving is more critical.[/quote]
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