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Reply to "How much to put into 529s?"
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[quote=Anonymous][quote=Anonymous]What are all you people with 400k for a 10 year old going to do when they go to a cheaper state school? [/quote] Well it depends. Save it for grad school or other kids or grandkids. If they go private and get merit (or state and get merit), you can pull out $$$ from the 529 equal to the merit without penalties. Really, most that can afford to save that much have no issues passing it onto the next generation, after doing the Roth backdoor option if you desire. Us personally, we plan to fund our grandkids education, so anything left in the kid's 529s will just stay there and continue to grow. One kid is done with education (for now) and has $60K just sitting there growing for future use. [/quote]
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