Reply to College savings--GAH!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have saved quite a bit for my son for college.

It is important to remember to save for yourself and your retirement first.  Your child may be eligible for scholarship and loans (although loans seem pretty much out of control right now) for college.  He or she may work during school.

However, for your retirement, no one is going to give you a loan or a scholarship!  Pay yourself first.  [/quote]

This is what we are doing. DH and I make 160,000. We both have jobs with pensions. [b]We save an additional 2,000 a month for retirement[/b]. We don't have anything left over for college. We figure when our kids[b] (now 3 and 5) [/b]go to college we will stop funding retirement and we will [b]use the 2,000 a month to pay for college [/b]so [b]each kid will get 24,000 a year [/b]for college. The rest will be up to them to pay.

I know retirement assets are not included when financial aid is calculated, but how are 529's treated? [/quote]

Your math is wrong.  I hope that's a typo.  [/quote]

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