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Reply to "How much do you save for 529?"
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[quote=Anonymous][quote=Anonymous]I agree with previous posters that what other people do is frankly irrelevant to what your family can handle from a financial standpoint. We put in 1k a month per kid (infant and a 3 year old). Most of the calculators say we should be able to cover private for 4 years on that. Whatever we can’t cover we will pay as we go. It’s a hell of a lot more than my parents had for me, which was zero, and I did the whole Ivy League and law school thing just fine. Your kids will be ok. [/quote] This isn’t necessarily true. Our neighbor is attending a private school and the tuition, room and board are $60,000 per year. My cousin’s child as the exact tuition, room and board for a different private school. Add to that books, supplies, travel, phone, insurance, gas, etc. it is massive. [/quote]
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