Reply to Is anyone not saving to pay for all of their kids' college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm saving for retirement. My child is the only grandchild for both sets of grandparents who are saving for her.[/quote]

So someone is saving.  It doesn't matter who is.  However, the grandparents can still use the 529 to save and take advantage of it growing tax free.  Just dont  overfund it, as you might not have anyone to transfer it to (if DC is only grandkid on both sides)[/quote]

You can transfer down to future generations, use for grad school. [/quote]

yes, I just figured if only 1 Grandkid between the 2 families that their might not be anyone to transfer to in this generation But yes future generations and grad school are all good plans.  My one DC has graduated and has no immediate plans for grad school, yet we are leaving the $60K+ that's in the account there: for either DC grad program or grandkids.  Plan to do the same for next kid, except the next kid will likely drain the account for undergrad.  However, it's an excellent way for those with generational $$ to start saving tax free for future grandkids/next generation.  We won't close either kid's account just for this purpose
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