Anonymous wrote:529s are over rated. The only advantage is tax free growth. It’s great to have a big balance in it, we have around the same for each child roughly the same age. But, it doesn’t need to be the only source of college funds. A plain old brokerage account allows for a lot more flexibility, more investment options (than most state plans), and you’ll be paying the LTCG rate on the gains. I wouldn’t over think it and put anymore you would save in the 529 into long term investments in a brokerage account.

Anonymous wrote:529s are over rated. The only advantage is tax free growth. It’s great to have a big balance in it, we have around the same for each child roughly the same age. But, it doesn’t need to be the only source of college funds. A plain old brokerage account allows for a lot more flexibility, more investment options (than most state plans), and you’ll be paying the LTCG rate on the gains. I wouldn’t over think it and put anymore you would save in the 529 into long term investments in a brokerage account.

Anonymous wrote:OP here. Thanks for your input. We are older parents (we adopted him at 49 and 51, cue the gasps and judgement) so we are getting near retirement. We have 4 mil in retirement accounts plus our primary home and an investment property that we AirBnB. We are putting the max into our 401Ks, so over 60K per year betweent he two of us. I'm a fed so I will have a pension of about 80K (at least) when I retire plus SS.

I was asking because I'm seeing people talk about how full-pay at some places is 100K now, I just want to make sure my son can go to wherever he wants/gets into. These all seem to be such crazy numbers. I graduated law school from a state school and I was only paying 3500 per year in tuition in 1993.