Reply to How much to save for college - child is in 10th grade

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why can’t this country address the cost bubble in education?

Europe has small universities in terms of physical campus; the good schools there turn out equal or better to us schools.[/quote]

Because of financial idiots, raising more financial idiots like the OP.[/quote]

Nice.  Seems like the OP has saved $175k for her son.  I'm gonna guess she's not an idiot.  I don't have nearly that much saved and I can say that I'm not an idiot.  [/quote]

But yet, she has to consult with the peanut gallery on DCUM to ask if that 175K is enough. She somehow saved 175k and doesn't know how to figure that out?

Making money and being intelligent are not always the same thing. I don't consider our president the brightest bulb and yet not only is he more wealthy than the OP (and based on your assessment, must be a genius) he made it to the highest office in the US.  A blind squirrel does sometimes get a nut.[/quote]

OP here.  Question was more crowd-surfing about the how are we set for now (with 2.5 years to go).  It wasn't how much more will I have to pay to hit the approx $300k cost of college. Our HHI is very high, very high 6 figures.  So paying as we go, won't be an issue.  Question was more: is this enough to have specifically funded in the 529 vs. other savings vehicles.  Interesting responses all around though.[/quote]

You probably should have been more specific with your question.  If I were you, I wouldn't put any more in a 529 (maybe other than to max out the state tax deductions).  The tax benefits for appreciation are more limited at this point, and your kid may decide to go to a state school, get merit aid, etc.  So unless they go to graduate school, you may get stuck with $$ that you need to transfer to someone else. You can always "launder" the max deduction amount through the 529 while they're in school, as well. [/quote]

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