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Reply to "Parents of little kids: What are your college savings goals?"
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[quote=Anonymous]HHI is about $350k between earned and investment. We have three kids. Our plan is to have about $60k saved for each when they reach college age. We'll be able to pay for in-state or cost-equivalent by drawing from that $60k and either diverting some normal investment earnings or cash flowing the difference. At this point, we don't think that private is worth it for undergrad. Our personal goal is to have the option to retire by 50 with about $6M invested. We'd rather help our kids out in a serious way later on by maybe paying for half their houses. I think that's a better use of $$ then $300k for a private undergrad. [/quote]
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