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Reply to "How much do you put into your kids' 529 (college fund) annually?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DD is 10 months and we have about 4K in her college account. We put away $75 a month for her and plan on increasing that once she's out of day care. Our HHI is $160K.[/quote] Don't bank on having all the day care tuition once you're done with day care. I was shocked to find the money still flying out the door each month - sports fees, after school care, etc. I'd say that now that we're done wiht day care, I have about 40% of htat tuition leftover [/quote] This is the PP. Agree. We have no intention of putting 100% of the day care costs toward college. We'll probably put something like $500 (1/3 of the monthly day care bill) a month away for college and the rest will go to our family expenses and savings which will include, among other things, additional savings for our retirement. [/quote]
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