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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Maxing tax advantaged accounts is not the same as setting aside enough for college and retirement. How are you doing on each relative to your goals for each? That should give you a sense of where to put the money. I'd probably do the 529 since you get tax free growth in those accounts. That's the value of those accounts, not the minimal state tax deduction.[/quote]

Honestly I do not have any goals; I am just pretty good at saving money and maxing tax advantaged  accounts.  For my kids college it is really hard to tell- what if they both just get a bachelors at UMD and don’t do grad school etc.  I don’t really know how much to save.  I would like to help them in whatever they do but I don’t know what that is.[/quote]

You need to use one of the retirement planning tools online to get a clearer sense of what you need to save in order to fund your anticipated needs in retirement. It doesn't need to be precise but a ballpark will help.

If you really can't figure it out just add it to one of the accounts where you have your other non tax qualified savings/investments. It's not that money.[/quote]

My husband’s 401k and 457 are through Fidelity and they show that we will have more than what we would need at our current trajectory, with just his retirement, not even counting mine.  We are not maxing just the 401k for both of us but a 457 for DH as well.

As far as saving, our lifestyle just predisposes us to saving a lot.  It’s not really a deliberate effort, just a matter of where to put the money.  Neither of us likes to be “fancy,” we live in a modest area, our kids go to public school, and we are happy that way.  Both of our families love to spend money and they make fun of us and call us cheap.  We hope to both work for the rest of our lives.[/quote]

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