Reply to how much is enough for 529 accounts

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We funded our children's 529's at the level of expected costs for the average in state public school.  Then we put more into a fund that we designated as "college", but isn't as far as taxes are concerned up to the cost of an out of state public college for both children.  If they want to go private then will have to make up the rest in merit aid.

Retirement savings should come before college savings. [/quote]

We did that too but it came back to bite us as we did use it/are using it for college but the earnings on the non 529 fund were taxable. It made me wish we had moved it to the 529 when the market was down. Worse, it is in an UGMA account (pre 529s) and technically that account now belongs to the children since both are over 18. while it gets taxed at the kid rate it is causing some complications now that the kids actually have summer earnings.[/quote]

Ours are not in the children's name and the investments have done better than the 529s eliminating the tax issue.   [/quote]

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