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Reply to "How much do you put into your kids' 529 (college fund) annually?"
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[quote=Anonymous][quote=Anonymous]My kids are 3 and 1 and we have $20k and 10k respectively. Not sure how much to contribute each year? Is there a formula based on your percentage HHI?[/quote] No, there is a formula based on how much the type of school you want your kid to go to costs, the expected inflation rate in those prices, expected growth rate of 529 plan assets, and time until college. You would deduct from this any amounts you are planning to fund out of cash flow at the time. The PP who told you to go on-line and find a 529 calculator on-line was right on. Who else does what is completely irrelevant.[/quote]
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