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Reply to "What do you consider a "fully funded 529"?"
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[quote=Anonymous]You don't get the deduction in VA for extra deposits, but you can roll any excess forward to future years. Fully funded prepaid plans are easy to determine. Otherwise, we are seeking current dollars for 4 years at a good school which means about $175000 per child. We also have Independent 529, which will compute how many years you have prepaid for a particular school. We have fully paid VA prepaid, 1 year of Independent 529 funded, and about $25K more for each DC, ages 14 and 12. Did a computation and determined we need to up contributions to $2K per kid, per month to get where we want to be - so doing that now.[/quote]
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