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Reply to "If you are "wealthy" what have you done for college saving? Where to put money?"
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[quote=Anonymous]We went the 529 route. I don't think anything else comes close since the return on the fund is not taxed. You get a small state tax deduction too. We largely funded ours relatively early on with some lump sum contributions and continued to put in the tax deductible amount after that. We had c. $200k when DC1 started college which largely covers tuition. We aren't using it all though- reserving some for grad school which will only be a 1 year program for DC 1. So our out of pocket is about $10k/year (far less than DCs private school tuition). [/quote]
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