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Reply to "529 Money --Too Much?"
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[quote=Anonymous]I'm a single mom with one child and this is an issue I've been trying to wrestle with. I don't have a second child to transfer the funds to. My mom passed away recently and I have a lump sum of money from selling her house and I'm trying to figure out how much to put into my son's 529. I only had about 40K in his 529 before this. He's 12. I already took $50K and put it in so now there is $90K in there now. I was previously only putting in $5000/year. I don't want to miss out on qualifying for financial aid if I can so I was planning on maxing out my retirement before putting more into his 529 but I still am confused about what would be a good amount to aim for. And not sure if I should pay down my mortgage before putting more in. Any advice?[/quote]
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