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[quote=Anonymous]Since you are in Maryland, put at least $5k a year for each kid into the MD state 529 plan. It is deductible off state taxes. (The deduction maxes out at $2500 per kid per parent. So since there are two parents you can put $5k for each kid, $10k total, to get the maximum state deduction. You can put more in if you would like but there is no state deduction after that. As far as paying for college Aim for at least 1/2 from 529, 1/4 from your salary, and perhaps 1/4 from Federal Stafford loans. These currently max out to $27k for four years. That should be around enough to cover college in-state for Maryland. I like the global equity fund for the MD 529. It is roughly 70% US and 30% international stocks. You both should also be close maxing out 401ks at work at your salary level. [/quote]
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