Reply to How much do you set aside per year for your chid's 529?

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[quote=Anonymous]College is 5 and 8 years out for our two children.  We plan for full pay for both, so while it is divided among accounts, we think about it at a higher level given that 529s can change beneficiaries.   Our current savings in college designated accounts is about 125K.  We contribute  our college savings to both 529s and Roth IRAs, as I will be old enough to withdraw when our youngest is in college.

We contribute 12K/year total.  We also will at a minimum (absent unforeseen events) be able to cashflow $20K/year during their college years.

One of my parents has been contributing to 529s for our kids and I expect about 50K from that.

I expect that to put us in a position to cover 2/3s of the cost of private college for two from our current plan (savings and cashflow).

We also are looking at our budget to see if we could save more, but we are balancing that against a desire to travel more with our kids these next few years as they seem like the best years for family adventure travel.

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