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[quote=Anonymous][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]

That is tricky because it isn't in hand.  If something happens and whoever is employed there is laid off, or goes somewhere else, or becomes disabled and has to leave that job, then the benefit will go away. I would probably save at least enough to cover the other stuff 529s can cover - Room and board, books (you should check this) and then save in taxable investing whatever is left over.  If you aren't already maxing IRAs then think that is actually something to do as well. Do Roth IRAs (either directly or by back door) and then you can pull the contributions out if you ever needed to with no penalties. [/quote]

According to the UMD tuition remission policy, if you have worked for the university over 5 years (DH has worked there 10), [b]you are eligible for the tuition remission even after leaving from the university system.[/b]  So unless the policy drastically changes, he could leave and still be eligible.[/quote]

Are you sure about that? I think it is for active employees (who are working at least a 50% schedule) and retirees. If you leave rather than retire you would not be eligible. If your DH is 39 he probably isn't eligible to retire yet so he will need to stay at UMD if you want your kids to go there. Hopefully he has a tenured position.[/quote]

You can "retire" from the University at any age.  DH is a supervisor (staff, not faculty) and has worked to get tuition remission eligibility for an employee who was in his 30s and has two kids and left.  In fact, DH insisted that the employee stay on an extra 2 weeks because he was that close to his 5 year mark, and then he worked to get the workaround for the employee because he wanted his kids to have that option.  My DH is nice![/quote]

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