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Reply to "What are your plans for kids' college costs?"
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[quote=Anonymous][quote=Anonymous]Lol. I sure as Hell wont be paying a nickle for my kids college education. Why not? Because if I have anything to do with it, they won't be going. I spent a few months in college before I figured out it was a waste of my time - I knew as much as half of the profs there, and the rest I could work out myself just by talking to folks. I now make a sweet 6-figure salary while the rest of you goons try to figure out how much of your next pay-check is going towards your loans. Fact is, you can learn a whole lot more about life spending 4 year's in the wilderness with an axe, a good knife, a crossbow, and a bible than you can in 4 year's in Harvard.[/quote] Lol. You do you realize you are the exception not the rule right? I made nearly $250,000 a year at 22, but it was an anomaly. Most of my friends made $50 or $60k, which even that was an anomaly. Anyway no need to feed the troll. To contribute: We have 2 kids, both under 3. So far we've put $52,000 away in 529 plans. I intended to get that too $100k each and let it ride for a bit. If in 10 years it looks like we need more, I'll go back in. One thing most people don't know is that you can make more than $4,000 a year contribution and still take the tax deductions (in DC anyway). You just roll them, I think up to six years. So I chose to do that - get six years of tax free growth on the full amount from day 1 instead of only on the $4k. [/quote]
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