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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Op here. How much is needed in 529 for a kid to attend college for 4 year colleges? [/quote]
Do not kill your money in 529. [/quote]

A 529 in MD gives you more tax advantage than a Roth, because of the state deduction on contributions.  Why is it bad, because of the 0.3% fund fees?

Anyways to OP, public in state tuition is generally around $30k a year, half of which is room and board.  So minimum $60k for a college education if they are a commuter, then it jumps up to $120k living on campus, then up to $200k-$300k going out of state, and up to $400k for high end private colleges.[/quote]

Op here. We have no mortgage because we paid them off a few years old. We have no debt, and we pay off our monthly credit card bills in full.

I am confused about MD 529 plan. Should we do investment plan or the prepaid tuition plan? Some pp recommend me to put $100k now this year for 1 kid or 2 kids, isn't it I won't get the tax benefits ( capped at $10k married jointly for 2 kids)? Thank you.

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I'd do investment plan not prepaid.  You can carry forward the deduction for up to 10 years.  Create 3 accounts for each kid. In the Maryland 529 plan fund $25k in each of: Mom account for Kid 1, Dad account for Kid 1, Mom account for Kid 2, Dad account for Kid 2.  Then put $50k in a Vanguard 529 (Nevada) for each kid.  You can deduct $10k total off your state taxes per year for the next 10 years for the funds in the MD accounts, and you should be effectively done saving for college as long as you encourage your kids to make money-conscious decisions.

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