Reply to If you know you’ll be inheriting a significant amount

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]15:57 again. Also, what is a “fully funded” 529?  In-state flagship is 30K a year. SLACs are 77K a year. Some unis are 85-90K a year. For 2023. Who knows what it will be when your kids go to college! [/quote]

$250K in the account with about 10 more years of growth to go. It’s definitely fully funded. [/quote]

Ha - I used to think this. Let’s look at the stats.

Just picking an example, Duke: https://financialaid.duke.edu/how-aid-calculated/cost-attendance/

$84,517 excluding transportation, spending money, dorm supplies, clothing, gas, phone, insurance (health, car and dorm)

X 4 years = 338,068

Grad school, increased rates, more expensive school, etc.

I used to think like you. [/quote]

Are you the same person who spends 150k a year on home health aides?

The vast majority of American kids don’t spend $338k attending college.  Nor do most parents plan to pay for grad school.  Additionally most parents are already paying for their child to eat, cell phone, activities etc while in HS.

You and your family sound like big spenders.  [/quote]

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