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Reply to "Need advice on how to save for college - financially dumb parents and tricky situation"
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[quote=Anonymous]How old are you, and how old are your kids? Are you definitely going to remain in the US when you retire? Will you have generous pensions already? Depending on the answers to these questions, the 529 plans may still be a very good option. All the Universities in the UK are eligible, for example. You can use this to check whether the ones in your mysterious home country are too: http://www.savingforcollege.com/eligible_institutions/ If you have saved nothing so far, then I suspect that overfunding their education is not an immediate risk. Start worrying about that when you have $50K or so saved up for each of them - don't forget that 529s can cover room and board too. [/quote]
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