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Reply to "When to stop contributing to a 529 plan"
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[quote=Anonymous]In this case, for a 12 year old. No other kids to whom we can pass down any excess balance, and we're hoping to fully fund undergrad. We will be retired when kid is in college, so hoping to make a good guess. Current balance is pretty high, but I'm curious where others stop. If your goal is to fully fund a school that costs $80k per year, would you stop contributing if the balance is less than $320,000 because you assume at least some growth that outpaces inflation? [/quote]
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