Anonymous
Post 08/04/2016 13:59     Subject: How much more to put into 529?
Anonymous wrote:Op again.. I thought about not doing the additional 4th year pre-paid to allow for some flexibility from best case scenario (scholarships) to worst case (kid doesn't go to college or vocational program)


If your kid gets scholarships you can withdraw the equivalent amount of money from the 529 without penalties (I think that's the case, look it up).
Anonymous
Post 08/04/2016 13:57     Subject: How much more to put into 529?
Anonymous wrote:Op again.. I thought about not doing the additional 4th year pre-paid to allow for some flexibility from best case scenario (scholarships) to worst case (kid doesn't go to college or vocational program)


I must be missing something... I am not understanding your logic. But you want to put additional money in the Investment Plan?
Anonymous
Post 08/04/2016 13:53     Subject: How much more to put into 529?
Op again.. I thought about not doing the additional 4th year pre-paid to allow for some flexibility from best case scenario (scholarships) to worst case (kid doesn't go to college or vocational program)
Anonymous
Post 08/04/2016 13:51     Subject: How much more to put into 529?
Op here:. Online calculator is saying $80,000 more to cover all costs. I'm wondering if maybe I put another $30,000 in the accounts and then fund the remaining with outside sources....I don't want to overfund the 529s.
Anonymous
Post 08/04/2016 13:50     Subject: How much more to put into 529?
Why only 3 years of prepaid? Maybe you could do a full four years? I assume $10K each will not begin to cover the 4th year at even a state school, especially 13 and 16 years from now.
Anonymous
Post 08/04/2016 13:46     Subject: How much more to put into 529?
Don't over invest in 529s. Use another instrument to save if you want save more.
Anonymous
Post 08/04/2016 13:45     Subject: How much more to put into 529?
I am assuming that you've already run any of the multitude of online calculators that help you ascertain this number? So, what did the online calculator tell you?
Anonymous
Post 08/04/2016 13:30     Subject: How much more to put into 529?
I currently have 2 kids, with 3 years of pre-paid Maryland state tuition covered for each. The kids are ages 2 and 5. I have $20,000 total invested in a 529 college investment plan. How much more do I need to add to the 529 plan to be able to fully cover costs before they attend? This is assuming they go in-state. If they want to go private or out of state they will need to make up the difference on their own.

I would like to have the option of retiring in my mid-fifties without having to worry about college costs