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Reply to "What do you consider a "fully funded 529"?"
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[quote=Anonymous][quote=Anonymous]I guess I would say paying for 4 years of private is fully funded. I have no interest in tying up that kind of money in a 529 given we have only one child so if she were to decide on a different path, we wouldn't have anyone else to name as beneficiary. So we are being cautious and only saving the max in one account in VA of $4,000 a year. We're "saving" the rest in other vehicles that won't limit us to paying for college. [/quote] I can see where this would be a valid definition. Personally I consider covering tuition, room & board, and books/fees for a state flagship to be fully funded, since it allows DC to make it through college with no loans. That's what we have saved in a 529 for our 7-year old (we got lucky with lump-sum investing near the bottom of the market in 2008) so we don't intend to fund it any further. If DC wants to go the private route and we can make up the difference at that point, we will.[/quote]
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