Reply to Anyone a 529 millionaire?

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[quote=Anonymous][quote=Anonymous]No. It sounds to me like you overfunded. If you are very high net worth it doesn’t matter. But unless they go to the most expensive schools for undergrad and grad school I am not sure you will be able to spend this.

We had about $250k each, and my kids are now going to undergrads where they get almost free rides, so I wish we had saved less…[/quote]

But if they do go to a Top school, those are $85K+ currently.  My kid is at one.  It's 5K+ more each year.  So it will be $100K/year by the time his first kid enters college and at least $110K+ by their senior year.  They could easily use $400K+ for just undergrad.  Or they are well funded for a lower cost undergrad and all of PT/Med/Dental/Law/Professional Grad school.

But the time the younger goes to college (guessing at least 5+ years before starting), they could use up $450K+ for just undergrad.

Fact is, if you are targeting Top schools, very few give full rides.

Also, if you can fund them like this, they are likely High Income/higher net worth.  So anything left can just be passed to the grandkids.

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