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Reply to "529 Money --Too Much?"
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[quote=Anonymous]To PP, please invest in your own retirement and/or mortgage before putting any more in the 529. While we all want great things for our kids, there is a point where you have to look out for yourself. If you have $90,000 now and keep investing $5-7k a year for the next 6-10 years, you'll probably have enough to cover 60-75% of your son's college expenses. That's pretty good. Just remember: he can find other ways to pay for college. You can't find another way to pay for retirement. And the fact you don't have another income to fall back on makes it more important that you secure your future. Yeah it's a burden to take on some student loans. But it's also a burden to be in your early 30s, trying to support an elderly parent who's run out of money. [/quote]
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