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Reply to "How much did you save for college this year? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]2 kids under 4. Fully funded 4 years of college prepaid. 30 in each child's 529. HHI 275. We put in 10 to 15 K in each every year and will until each is at least 100K each. [/quote] Just curious, why so much? Does prepaid not cover room and board? Our strategy was to have $50k in each 529 and then shift that money to another saving vehicle that could be used for college or retirement (this was our financial advisers suggestion). We expect to have no mortgage when kids are in school and an increased income so paying a monthly tuition bill is likely possible. [/quote] Not that PP--but no, prepaid is just tuition. Might be assuming that one or both kids ends up going private (or out of state), needing more than 4 years to graduate, or attending grad school. [/quote]
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