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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, low cost total stock market index fund. Park it and forget about. [/quote]

So almost no one has suggested maxing out the 529 (15k per kid per year).  This kind of makes sense to me, because that would be a lot of our HHI into a fund with limited use.  And like the other poster said, we could potentially want to move, although I am pretty comfortable with where we live now and we have a lot of space.[/quote]

Maxing out a 529 would be 30k per year per child for a married couple.  How much are you on track to have in your 529 when your dd graduates from high school?  Will you need more than that to pay for college?  If so then it does make sense to increase the amount you are saving.  [/quote]

I find this so tricky to estimate.  My kids have tuition remission at UMD, which I am inclined to encourage them to take advantage of should they get in.  If they want to do an expensive program like med school or law school I would be happy to help.  But what if they just go to UMD and that’s the end of it?  Or should I plan as if they are going to the most expensive schools and put as much as I can afford in the 529?  What if I want to invest in something else?  I am just clueless.[/quote]

I'm all for state schools, but if I lived in Maryland, I would seriously beef up the college fund. I'm in Virginia and my kids are 9 & 12 and currently have 200k set aside for each kid. I do not contribute any longer and hopefully that will grow. Hopefully my kids will get in one of the great VA schools, but competition is very tight.  UMD is a pretty low bar IMO.[/quote]

OP here.  I went to an elite college AND an elite law school and was utterly miserable at both, and my career is so-so, which I can only admit on this anon website.  DH went to a no-name school in a foreign country no less, has no graduate degree, and makes more, has better benefits, loves his job.  So I wonder if my hesitance to hoard money for college (despite my instinct to hoard money period) is incorrectly colored by my crappy experience.  Should I hoard money in the 529 or wait for a better investment opportunity elsewhere?  How much of the 50k should I put in the 529?  I don't know what will be the right thing for my kids.[/quote]

State schools can be great,  I'm not denying that. I hope mine gotntonstae schools, but a school in Maryland is not what I'd want to force my kids into. By you refusing to save, if you cant badger your kid into UMD, then they will be saddled with debt.[/quote]

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