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Reply to "Is $1000/mo in a 529 enough?"
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[quote=Anonymous][quote=Anonymous]$1k/mo is likely fine. You will likely end up with between 350-400k in 18 years assuming a reasonable rate of return. I wouldn't personally fund a mid-tier private, but that's just me. GW, American, Georgetown, Catholic, etc. are largely a waste of money, IMHO. Our plan is for DD to go to one of the VA state schools unless she either A) shows exceptional aptitude in something that requires a specific school or B) gets into an ivy. In those cases we'll fund it and make it work, but otherwise for a run of the mill business, engineering or liberal arts pre-law type gig she will do just fine in VA. Not hard to save $5k a month on that HHI either. 400k HHI, 15 year $450k mortgage with 2 Hondas paid for in cash sitting in the driveway. Easy to save that much or more when you don't overspend on house and cars.[/quote] +1[/quote]
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