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Reply to "Do most parents have a 529 plan?"
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[quote=Anonymous][quote=Anonymous]I have them for my kids. Started it after the daycare years when I could afford to. Will end up with about 70,000 in each. Going to state school so there will be a combo of using 529 and cash flowing it. It is important for me to have my kids graduate without debt. That wouldn’t be possible without the 529 (or some type of long term savings). I was however talking to a co-worker today whose kid is starting high school and there is no 529 or other savings. That would stress me out.[/quote] That would stress me out too. We have two kids in college which is $135k all in for the two years they overlap. We had saved about half for one kid and 3/4s of the other and are cash flowing the rest. We are very HHI but it would have been miserable paying it all via cash flow. [/quote]
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