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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I save 1200 every year in a 529.  Not much and hope to up it by the time he is 5. (Currently 3.5).  Single mom making 58k. [/quote]

at this income i think its STUPID to save for college.  you don't have the extra money and if you do you need to save for retirement. you are lower class and will get FA.[/quote]

You don't have enough information to make that conclusion. Her child has another 15 years to go. Her income can double or triple by then and/or she can marry. We also don't know what FA will look like (grants? loans?). $1200 is not helping or hurting her bottom line.

I made 90k this year (up from 70k in 2013) and contributed $2400 to a 529. No I don't max retirement...I have done 10% to TSP and $2400 to a Roth IRA for years. I should have a pension in retirement and a paid off mortgage when DD enrolls in college. I'll be 44. My income will be higher and I intend to marry before then. I would love FA or scholarship money to appear, but it's not something I am willing to count on. My hope is to ease the financial burden on DD, even if some loans will be necessary.[/quote]

This poster said it well. It's not stupid. It's a priority for her and her child, and things could look very different in 15 years. I started saving in a 529 when I made less than that, and I still contribute now that I'm up to 90K.[/quote]

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