Reply to Is $1000/mo in a 529 enough?

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Reply to "Is $1000/mo in a 529 enough?"

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[quote=Anonymous][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 [b]when you don't overspend on house and cars[/b].[/quote]

It all comes down to the house, cars and childcare.  If you can limit these expenses you'll have plenty of money to save. [/quote]

No dog in this fight, but GW, American and Catholic WISH they were in the same league with Georgetown.  Lol--You made their day![/quote]

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