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College and University Discussion
Reply to "Is It Really Gonna Cost $280K? OMG "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]More like $300K, going up 5% per year. [/quote] Can’t do this forever.[/quote] I've been thinking about the same thing. Even after DC graduate from college, I am going to keeping paying $8k/year into the 529 account. When I have grand kids, the account should help them a bit.[/quote] That's a really generous thought however, what if they don't have kids or they fall into bad times and need another type of help? I would save separately. You can always do a lump sum 5 year contribution later...currently that's $70k or $140k joint. [/quote] What if? None of us can predict the future. It’s great to plan for the future you expect. You can make adjustments as needed when the time comes. After my children use the money in their 529s, I’m also going to continue to save for my future grandchildren’s education. I’m speaking it into existence![/quote]
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