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Reply to "How much do you put into a 529 each year?"
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[quote=Anonymous]My wife and I do $100 each for our daughter so it'll come out to $2,400 per year. I personally do more to get the $2,500 deduction from Maryland and I'd also rather front load it because of the time value of money. However, I work in higher education and plan to work at a school like Georgetown or Johns Hopkins to get their dependent benefit. Georgetown will give you up to 67% of Georgetown's tuition to go to any school anywhere while JHU will give you up to 50% of their tuition. Georgetown's current tuition is $50,000 so if your kid were enrolled now they'd receive a $33,500 payment each year in undergrad. Johns Hopkins' current tuition is $50,000 so if your kid were enrolled now they'd receive a $25,000 payment each year in undergrad. I hope those schools keep those same benefits (or don't alter them too much) so we can take advantage of them, too. [/quote]
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