Reply to I’m really surprised how many people don’t save for college

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The answer is pretty simple. A 529 is a  tax-deferred savings vehicle, but so is my 401k and my wife’s 401k. If I have limited savings, I’m going to max out my 401k before funding a 529. Also, if you fund a Roth, you can take money from there before 59 1/2 for education. Finally, VA has great in-state colleges. Go to one and you’ve already saved a ton relative to your friend who sent their kid to a no-name SLAC. At $300-400k, I can cash flow a public, in-state school. The only people who must save for college are those who seek the right “fit” at an overly expensive college. You may think that’s worth it, but a lot of people don’t. [/quote]
Not everyone makes that much.  People in the 100-250k are screwed bc they don’t qualify for aid and might not be able to afford college for two kids at the same time. [/quote]

Then plan to space your kids a bit further apart.  Mine are purposefully over 4 years apart so only 1 would be in undergrad at the same time (just part of the consideration---much more went into planning the age differences--largely the first kid and their needs as well dictated this, but I definately thought only 1 in college at same time would be a huge benefit financially ).

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