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Reply to "Which 529 plan do you have your kids in? How much do you contribute per year?"
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[quote=Anonymous]We do the Virginia Prepaid. We've bought three year so far. The tax deduction carries over every year until it's used up. So you can pay an entire year and deduct the payments over several years. One of our neighbors prepaid their son as soon as he was eligible- $40k for for years of college. Smart move on their part. We've paid about $46k for three years... Still have one year left. I know this doesn't cover housing, etc, that the regular 529 covers but it buys us peace of mind.[/quote]
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