Reply to How much to put into 529s?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP: It will be about $400K, to me as the spouse. We already have 529s started in VA-  Invest 529s. Balances are not large, though.

13 y.o- ~$75K
10 y.o.- ~ $30K 
7 y.o.~ $20K

Have strong retirement and other savings, but this is where we need to fill in. [/quote]

I really like this calculator:  https://www.savingforcollege.com/calculators/college-savings-calculator

Assuming you want them to go in-state, you need to contribute enough to get the 13 year old's account to $85k, the 10 y/o to $75k, and the 7 y/o to $60k.  Put the rest ($305k) into a brokerage and you will have flexibility to help with OOS or private, if that comes up down the line.[/quote]

I can see saving for a public school and not putting all of this into 529s, altho with 3 kids it might make sense to put more in on the theory one of them will use it, but that seems to be a pretty low figure.

For a 13 year old tbh I would not count on the market outperforming tuition by that much. Yes maybe we get another year of 20% returns, or maybe we get a few years of flat returns while tuition goes up 4% a year. [/quote]

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