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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]Serious question. To the folks who have HHI in the $400K and up range, why do you even need to worry about saving for college? It seems to me that at that income level, you could actually pay for even an expensive school out of your regular income (which I am assuming will be even more when the DCs reach college age). I am one of the previous posters who is at $175K and currently saving about $18K/year.[/quote] [/quote] Why wouldn't you save now and take advantage of tax deferred growth. Put in 2014 dollars, let them grow tax free and take them out in 15 years. I am sure that I can get investment growth that beats inflation. That is why you would do it. The higher your NW the fewer ways you have to avoid taxes so you would take every one of them. [/quote]
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