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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, we have your income, same age, $2.4 million in retirement funds and about $200,000 in 529s.  We will also have gov pensions.  So less than you, but we are not frugal and have not been maxing our retirement contributions for some years now, so your numbers make sense to me.  We believe in fully funding our 2 kids’ education, as long as we can afford it and still have decent funds for retirement.  That could mean $300,000 for undergrad and $300,000 to $400,000 for professional school, each.   If the stock market keeps going up, that may be possible. If it doesn’t, and it likely won’t, we’ll reassess.  The kids are reasonable and sensible.  We’ll make decisions as a family when the time comes.  My parents did the same for me and my siblings, and it worked out.  We worked hard, even though we paid for nothing, and we would of course take care of my parents if they ever needed it.[/quote]

I think this family benefited from some transfers of income from the grandparent generation.  It is great to be in that position.[/quote]

Well, this is true to extent my parents paid for undergrad and professional school so no debt, but not otherwise.  Most of our money is in the retirement funds, so obviously that’s not parents, it’s the magic of compounding.  Same is true for the 529’s, that’s all our money— first we contributed $2500 per kid per year, then $5000.[/quote]

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