Reply to What would you do with extra money?

Forum Index » Money and Finances

Reply to "What would you do with extra money?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, low cost total stock market index fund. Park it and forget about. [/quote]

So almost no one has suggested maxing out the 529 (15k per kid per year).  This kind of makes sense to me, because that would be a lot of our HHI into a fund with limited use.  And like the other poster said, we could potentially want to move, although I am pretty comfortable with where we live now and we have a lot of space.[/quote]

Maxing out a 529 would be 30k per year per child for a married couple.  How much are you on track to have in your 529 when your dd graduates from high school?  Will you need more than that to pay for college?  If so then it does make sense to increase the amount you are saving.  [/quote]

I find this so tricky to estimate.  My kids have tuition remission at UMD, which I am inclined to encourage them to take advantage of should they get in.  If they want to do an expensive program like med school or law school I would be happy to help.  But what if they just go to UMD and that’s the end of it?  Or should I plan as if they are going to the most expensive schools and put as much as I can afford in the 529?  What if I want to invest in something else?  I am just clueless.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics