Reply to If your HHI is between 200-300k, how much will you have saved for college

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]200k HHI. 1 child about to turn 8.  Currently 250k in 529.  We started around 6 months old, automatic monthly contributions and past few years have increased to $2200 month.  All of this from passive income from investment properties.  We also throw in extra money when we have it.

Goal 550k to cover college.  Any extra money left over for further education if interested - grad/med/law.  Left over after that to grandkids.

We bought a place in gentrifying neighborhood in DC so mortgage is low, drive used car, and don’t spend money on stuff.  We max retirement and then spend money on travel and entertainment because experiences is more important to us.

The passive income really helps us with college savings.  If we did not have that, then we would budget more and cut back on travel and entertainment.
[/quote]

Good for you and your child but the fact that school might cost this much is just insane and shows how broken things are[/quote]

At what point does the system finally implode? We got to be near the breaking point where the costs are truly not justified or doable.[/quote]

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