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Reply to "Paying for and saving for college - how do UMC people do it?"
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[quote=Anonymous]We have a similar income, but it was about 1/3 less until recently. We started at $500/month 529 contributions and increased older DC’s contributions to 1k/month (10 year age gap) when daycare/preschool costs ended. We had enough in 529s for public college, but private became a possibility due to a well-timed low 6 figure inheritance. Once older DC graduates, we’ll increase to $1500 for younger DC. However, we have less in retirement accounts and are late 40s. One of us expects to get a pension and we are starting to invest more outside our retirement. It seems that something has to give whichever way you slice it. We chose public schools k-12, older cars, and cheep domestic vacations, but we are paying 80k/year for private college.[/quote]
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