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[quote=Anonymous][quote=Anonymous][quote=Anonymous]529K limit is $13,000 per kid 401k limit is $17,500 per employee ---------------------------------------- $60,000 a year 20% down on $800,000 is 160,000 with a mortgage of $640,000 PITI is $3597.12 Required Salary $139243.53 But you need to add about 60,000 to that to do your savings. Total salary around $200,000 [/quote] That really isn't accurate about the 529 limits. Both parents can contribute, plus you can frontload it. OP - what dollar amount are you planning on contributing every year in total (for all kids)?[/quote] That is true, if you make a large payment you can't contribute for a years to the 529 http://www.axa-equitable.com/plan/education/529-plans/contributions-and-withdrawals.html.[/quote]
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