Reply to How much to put into 529s?

Forum Index » Money and Finances

Reply to "How much to put into 529s?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]DP, we have used Utah 529 for quite a while, I have changed the investment selections over the years.. but for my two kids now I have settled on 90% US Total Stock index (UTVTX) and 10% Intl Stock Index (UTVIX).

Kid 1: Total balance $209K ( 11 yo), earnings 77K
Kid 2: Total balance $223K (15 yo), earnings 86K.

For few years, we did annual max gift limits for both kids.. In our case, ~160K of tax free earnings was totally worth it for investing in 529. We have stopped contributions this year, as we don't want to overfund 529 and will be able to cashflow any expensive college for the difference. Our HHI has risen significantly over the past 3 years, and we save to the tune of $300K per year.. cash flowing the difference shouldn't be a problem, so we are concentrating on our retirement instead.[/quote]

I also use Utah 529 with the same mix.  Oldest kid (12) is at $275k.  It's likely time to stop saving, though I struggle because my school is something like $80k per year for the cost of attendance, and I plan to be retired when my kids are in college, so I don't want to leave a big gap to cash flow.  My mental target is $300k per kid.  [/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