Reply to How to plan for vacations and not be a jerk parent.

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[quote=Anonymous][quote=Anonymous]I'd be done adding money to 529. Take the vacations and then add to regular investment account. Kids may not want to vacation with you as they get older. They may only take the one trip.
How is $100k not enough for each child?
4-year college for DC costs me $20k in total. Not my idea, but DC is reasonable. He even tried to make a case for DC Tag.
Your children need to see the world more than think that $100k+ invested for them is normal.[/quote]

Because most state schools are $30K+ all in.  So yes, 100K should be enough and the kid can work to contribute $10K/year.  But what if you are in MD and your kid wants engineering and does not get into UMD Engineering?  Where are they going to attend for $30K? It might cost a bit more.  So while you might not want to save in the 529 itself (up to you, I like the tax savings over time, but get that it then must be used for education---we will just leave extra for our grandkids or our kid's graduate school).  you might want to save a bit more for college itself.  Most kids would rather have college debt free than extra vacations as a teen (ask them at age 28, and most would rather be debt free)
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