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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][quote=Anonymous][quote=Anonymous]2 kids under 2. Opened DC 529 plan put in $52,000 per kid at birth. At 5 year mark will transfer to VA plan for lower fees. This allows us to roll the tax benefits now and then reap lower fees in the future. Goal is 100,000 per kid by the time they are 10. Will probably stop there unless we see obvious reasons to continue. Our HHI is $220k. Modest by DC standards. [/quote] if you make $220K, how did you amass $52k per kid at birth?[/quote] We pulled from existing retirement savings. Some people say that's "bad" since 529 plans can't be used for retirement but it seemed like an acceptable percentage [/quote]
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