Reply to How much do you put into a 529 each year?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]180 income: $6k/yr in oldest (now in 7th), $3600/yr in middle (now in 3rd grade), $3000/yr in youngest (now in 1st grade).

I'd like to start throwing more towards the oldest since we got a late start with hers, but it's tough while trying to max out retirement and put something away for vacations and home improvements. Oh yeah - can't forget the kids' expenses![/quote]

Bless you for writing. We save 1200 for the younger kid, 2000 for the elder. We are a two-income family making 150k a year and saving like mad for retirement. You and we are much closer to the norm for sure. Good for us for doing it even though it hurts!  [/quote]

Hang in there guys.  We did $50 a month for years when our income was closer to $100K and we were paying off student loans.  Now our income is closer to yours but we have a lot of catch up to do with both retirement and college savings.  We are now managing $700 per month (one kid).  We already have enough for in state tuition and have another four years to save but we won't be able to close the gap between in state ($25K per year) and top tier private ($70K) and of course we make too much now to get more than a few thousand dollars in need based aid.  We should be able to swing $55K a year between savings and paying as we go but the more reasonably priced colleges are not in the top 50 for the most part and I am not sure if a mid tier college is necessarily better than UMD.  Sigh!  On the plus side, we could afford two degrees in state by the time we are done so maybe ds can graduate from grad school debt free![/quote]

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