Reply to When to stop contributing to a 529 plan

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In this case, for a 12 year old.   No other kids to whom we can pass down any excess balance, and we're hoping to fully fund undergrad.  We will be retired when kid is in college, so hoping to make a good guess.  [b]Current balance is pretty high[/b], but I'm curious where others stop.  If your goal is to fully fund a school that costs $80k per year, would you stop contributing if the balance is less than $320,000 because you assume at least some growth that outpaces inflation?  [/quote]

Well, what is it?  Why do people share half-ass info. when asking for advice? This is an anonymous forum![/quote]

OP. Thanks for all the advice.  Good point about the 10% penalty being not that significant.  I’m probably overthinking the risk of overfunding.  Balance is currently $245k for 12 yo. I’m still contributing $17k per year, and now I’m starting to wonder when to stop contributions. [/quote]

I think you can stop NOW unless you plan to have additional kids or if your kid attends medical/law school and you want to fund that too. [/quote]

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