Reply to Jeff Selingo on people skipping "target schools"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Truthfully, as a slightly higher than donut hole range family---it's hard to justify $85k-90k year at even the top 10 schools.  It's gotten way out of hand![/quote]

If you haven’t saved for it, yes.  But if you’ve been saving you would have 300k+ in a 529 and then you realize, this is exactly why we saved and let your kid attend if it’s their first choice [/quote]

If all you do is save, well, you're not going to have $300,000 per kid. Save and also make risky investments that pay off, maybe.[/quote]

Here's what we did.  Started saving shortly after first kid was born.  For several years, 75-80% of any bonuses and salary increases went towards the 529, in addition to the monthly contributions we could afford.  Between 0 and 5 our salaries went up $30K, so we just funneled most the increase towards 529 and most of remainder to retirement. Between 5 and 10 (for first kid) had another $40K in salary increase with new job. Since we were living just fine before we chose to direct majority towards college until we were on track and then could cut back.   Did same with next kid

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