Reply to How much to put into 529s?

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[quote=Anonymous][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]

Yes, 300K per kid sounds reasonable if in state schools are not an option for you. We are in Texas, and UT Austin is my older kid's first choice. He is a good student, and is likely to be in top 6% of his HS which means an auto admit to UT Austin. The only colleges he would likely consider over UT are Stanford and MIT which are really hard reaches (if not impossible). UT Austin tuition and living expenses for in state for 4 years is ~150K so we have likely overfunded the 529 at $220K (another 3-4 years of growth to go). Hence our decision to stop funding the 529 any further.[/quote]

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