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]

No, this is the order in which we save:
1) 401k to get max employer contribution
2) Fully Fund Roth in the year when we can
3) Go back to 401k and max it out.
4) 549s until they reached ~$50k - intended to cover R&B 
5) Anything else (some years we do not get to step 5), we tend to spend 50% on capital items or travels on our lists and 50% to other savings to cover college costs we haven't anticipated and better travel when we retire.  Generally, in the years we are ineligible for Roth, we get to step 5.

When our DCs were 1 and 3, we cashed in company stock (that we had before they were born) to buy the VA prepaid tuition & fees.  It was ~$20k each at that point.  When DC #1 was born it was $11k- should have done it then.

We have had children for 16 years and in 5 we were ineligible for Roth.  Our mortgage is about half what it was when we started thanks to refis and lower interest rates, but we pay at the original rate to pay it down faster.  Our property tax has almost tripled (partly due to a major reno).  Our combined mortage payment and property tax is around $2500/mo.  Our current HHI is around $170k.
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