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Money and Finances
Reply to "If you know you’ll be inheriting a significant amount"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]15:57 again. Also, what is a “fully funded” 529? In-state flagship is 30K a year. SLACs are 77K a year. Some unis are 85-90K a year. For 2023. Who knows what it will be when your kids go to college! [/quote] $250K in the account with about 10 more years of growth to go. It’s definitely fully funded. [/quote] Ha - I used to think this. Let’s look at the stats. Just picking an example, Duke: https://financialaid.duke.edu/how-aid-calculated/cost-attendance/ $84,517 excluding transportation, spending money, dorm supplies, clothing, gas, phone, insurance (health, car and dorm) X 4 years = 338,068 Grad school, increased rates, more expensive school, etc. I used to think like you. [/quote] Huh? At an average 4% rate of return, pp will have $370,000 in ten years. They’ll be fine. [/quote]
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