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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We hired a financial planner when DC was born 13 years ago. We were told that when DC is 18 that a 4-year private college would be about $500k. Could not believe it then, but looks like that is accurate. Crazy.[/quote]

Yep. We are financial planners and opened up 529 accounts before our kids left the hospital.  $500 a month until daycare / preschool costs were done and then $1200 w month per kid thereafter. We drive 10 year old cars.  Also max out retirement contributions.  We spend on vacations but not material goods ( I do not have any expensive purses or shoes and shop at Marshall’s and Kohls).

We have $400k for each kiddo saved.  [/quote]

As financial planners you should understand the concept of risk. At birth you were confident both of your children would attend private 4-year universities? Your plan actually seems like overkill.[/quote]

That’s one reason so many people don’t use 529 accounts.   Not worth the risks and money can grow faster in other ways.  [/quote]

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