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Reply to "How much are you saving for college?"
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[quote=Anonymous]I think $1k/mo for each child is excessive simply because of the nature of a 529. I'd slow that and add other investments in their names - mutual funds, bonds, or as someone posted on another thread here, a Roth. If they don't need $200k for school, it's not useful (at least as I understand the nature of 529s). I went to a state school for undergrad and grad and as appreciative as I am for my folks for helping me out, I still worked most of the time and didn't pay tuition for grad school (I TAd). If they had saved up that much...yikes! BUT I did use my mutual funds and stocks to buy my first condo. 4 years later, we turned it in to an investment property that we hope will pay for our kid's school (along with other investments). Just a thought! Diversify! But way to go for saving. I know for us it's not easy.[/quote]
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