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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I wrote about fully funding college.  For our family, we have fully funded four years of college under the Virginia prepaid plan for both of our twins that are under 2 years old.  We have also begun contributing to a 529 plan and have about 25k in each.  We hope to put at least 10k in each fund every year, if not more. We lived frugally when I was working because we knew I would not go back after kids.  Not super lean but no extravagant cars or house.  we have moved to a larger place because of kids and also bought one larger car.  We have no debt other than our mortgage. My husband makes a little over 250k. So, with all that in mind, with your income, I think you should be able to do more than 50k per child with your income.[/quote]

We could but our financial adviser recommended $50K before 5 and we went on that plan.  With the exception of the prepaid plans, I don't think there's any guarantee that what ever you invest will be enough.  We moved from VA and I waffled on the VA prepaid plans.  They're great and very cost effective and VA has lots of options at many different academic levels--MD, not so much.  I'm not sure I want to invest $150K per kid in a 529.  If they don't use it, the penalty on the money is pretty high.  I'd be okay putting more into a non 529 investment account though.

I think it's interesting that I posted the question about giving up 20 years of $60K investment + 19 years of $60K investment, etc for retirement and most people responded in terms of the security of my marriage and being dependent upon another person.

I agree that I have some reservations about giving up my job.  I worked long and hard to get where I am and to walk away from it all makes the education I received seem like a waste.

To answer the the other question about if we could exist on my income alone, the answer is yes.  Of course things would have to change and we would have to cut back but we would still be able to pay the bills and feed the family.  [/quote]

You don't have to put all of the $150k into a 529, just put into an account that you have labeled (to yourself) as education.  That way if you don't need it all, you can use it as you please.  [/quote]

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