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Reply to "How much is in your 529 and how old is your DC?"
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[quote=Anonymous]Is the other $12,000 specifically for your kids' education? We are planning to pay for all of our kids' college expenses out of savings (I do not want to debate the merits of this plan, so just shush, you who want to start something), so we had more in each account by the time our kids were 5. BUT it's important to balance your various financial needs, and "saving for college" needs to come after "save for retirement," "maintain emergency fund," "maintain house," "have no credit card debt," etc. So if all your other needs are met and the $12K was going to go towards college anyway, yes, put it in the 529 plan. But those are two big ifs.[/quote]
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