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Reply to "How much do you set aside per year for your chid's 529?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]$12k per kid, per year until recently when we cut it back for the oldest because we are on track to exceed our goal. [/quote] NP here. I'm curious what that goal is, do you mind sharing? We do 8k a year and have 88k for our 8 year old. Likely umping up to 12k this year. [/quote] We have two kids, 8 & 11, and our goal is to fund 4 years of college (public or private) for each. I don’t want to oversave in the 529 accounts due to their limitations so we plan on having the equivalent of 4 years of private and 4 years of public in the 529 accounts. Anything needed above that will be funded through our after tax investment accounts or through cash flow. We currently have a total of $272k. Based on the T Rowe calculator we are overfunding the accounts by about $500 per month so we just redirected that amount to our investment accounts.[/quote]
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