Reply to How old are your kids and how much do you have saved for each of them for college?

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[quote=Anonymous][quote=Anonymous]Those of you with healthy 529 balances, did you choose to fund the 529s over retirement plans for a few years? Or does your HHI allow you to do both? We have only $4K in our 2yo's 529. We have been maxing out our 401k contribs, ineligible for Roth IRA, but don't have much else to play with after mortgage, daycare and other expenses. Are we doing something wrong?[/quote]

I had started saving for college before my children were born.  I had an Employer Stock Purchase Plan and stock options and had always tagged this money for my future children's education.  When the children came along, I was able to jumpstart the 529s with a significant contribution.  Since the initial contribution, we have continued to contribute on a monthly basis - even when I was out on maternity leave (although at a much lower rate).

My parent's had no money for my education and I had significant loans.  I expect my children to contribute in some way - but will hopefully be able to support them with a major part of their undergraduate educations.[/quote]

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