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Reply to "Rich people - how much in 529?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have $650k for two kids, one elementary and other middle school. Not adding anything more[/quote] I have to assume this is a troll. If you are rich enough to have $650k to stuff into a 529, why in the world would you actually do so. The tax advantages are not that amazing. [/quote] You know it doesn't all go in at once right? It builds slowly over time, usually starting when you aren't so rich.[/quote] Not PP, but I agree that it is financially non-sensical to put this much in a 529. [/quote] If you're full pay, you can expect to pay $500K for 4 years of undergrad for a kid in 3rd grade today. If law school or medical school are on the horizon...[/quote] How can you be certain at age 10 if med school is on the horizon? And even if it was, there are other ways to fund it then loading up on one type of investment. [/quote]
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