Anonymous
Post 01/23/2026 15:53     Subject: Rich people - how much in 529?
Anonymous wrote:Posting here bc y’all are loaded. How much are you putting in your private school kids’ 529? What’s the goal?


What if you go abroad for college? What happens to 529?
Anonymous
Post 01/23/2026 15:52     Subject: Rich people - how much in 529?
Anonymous wrote:we have about $900k for 2 kids. One thing I have been thinking about to minimize estate taxes is if it makes sense to pay out of pocket for college/grad school and just give the kids their 529s so they can use them for their own kids.


Their own kids???!!! This is generational wealth. Folks, listen up, having money or being rich is the best thing you can do for your kids in America.
Anonymous
Post 01/23/2026 15:48     Subject: Rich people - how much in 529?
Anonymous wrote:We have two teens at one of the Big 3 high schools. We save $1k/month per child. So far, we have saved $395k for our freshman, and $490k for our junior. We will have a lot more free cash once they’re both in college (which seems counterintuitive).


Rich people
Anonymous
Post 01/23/2026 15:40     Subject: Rich people - how much in 529?
Anonymous wrote:We have $650k for two kids, one elementary and other middle school. Not adding anything more


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.
Anonymous
Post 01/23/2026 15:33     Subject: Rich people - how much in 529?
We have two teens at one of the Big 3 high schools. We save $1k/month per child. So far, we have saved $395k for our freshman, and $490k for our junior. We will have a lot more free cash once they’re both in college (which seems counterintuitive).
Anonymous
Post 01/23/2026 15:11     Subject: Rich people - how much in 529?
Anonymous wrote:OP- If it makes you feel better, we are a private school family that is not fabulously wealthy. No grandparent money. We've worked hard, but started late on the 529's as we put our 401k's first, which is the right thing. Kids can get scholarships, and there are other strategies to mitigate college costs. We only have $150K in our 529's. We will use it all. We don't know yet if our kids will give us grandkids. If they do, and we have excess wealth, we can start 529's for them when they're born.


+1 - another family in this range
Anonymous
Post 01/23/2026 13:57     Subject: Rich people - how much in 529?
OP- If it makes you feel better, we are a private school family that is not fabulously wealthy. No grandparent money. We've worked hard, but started late on the 529's as we put our 401k's first, which is the right thing. Kids can get scholarships, and there are other strategies to mitigate college costs. We only have $150K in our 529's. We will use it all. We don't know yet if our kids will give us grandkids. If they do, and we have excess wealth, we can start 529's for them when they're born.
Anonymous
Post 01/23/2026 13:56     Subject: Rich people - how much in 529?
We overfunded our kids 529s. We are in Virginia, and did VA prepaid for all of them. We also have the VA 529Invest account. I believe we invested about $150K into each Invest account ($1,000 each a month, plus grandparent contributions), but with the stock market returns over the past 18+ years, each account is around $450K.
Anonymous
Post 01/23/2026 13:55     Subject: Rich people - how much in 529?
We have 300k in each of our 3 kids’ accounts.
Anonymous
Post 01/23/2026 13:41     Subject: Rich people - how much in 529?
They have an education trust fund.
Anonymous
Post 01/23/2026 13:32     Subject: Rich people - how much in 529?
Anonymous wrote:
Anonymous wrote:Wow. 🤯 I had no idea this amount of money existed. I’m truly, truly amazed.


Yup. Sitting here reading these answers like WTF.


Really? This is the private school forum and the OP asked for responses from wealthy families. Are you living under a rock?
Anonymous
Post 01/23/2026 13:27     Subject: Rich people - how much in 529?
300K for a first grader and 400K for the third grader.
Anonymous
Post 01/23/2026 13:26     Subject: Rich people - how much in 529?
$28k for my 4 year old and about $9k for my 1.5 year old. We’ll continue to contribute enough each year to get the state tax break, but priority is other tax advantaged accounts with better tax breaks and usability. Have about $920k total in those across tax advantaged and taxable accounts.
Anonymous
Post 01/23/2026 12:49     Subject: Rich people - how much in 529?
Anonymous wrote:Wow. 🤯 I had no idea this amount of money existed. I’m truly, truly amazed.


Yup. Sitting here reading these answers like WTF.
Anonymous
Post 01/23/2026 12:41     Subject: Rich people - how much in 529?
300k for 7th grader and 190k for 5th grader.