Anonymous
03/16/2017 21:41
Subject: How much do you put into a 529 each year?
About $1000/yr for each of two kids. Hopefully more soon, but I'm working on rebuilding emergency savings after a divorce. Their dad also has accounts for them, but contributes only sporadically at the moment.
Anonymous
03/16/2017 21:35
Subject: How much do you put into a 529 each year?
$4000/year per child -- enough to get the tax deduction
Anonymous
03/16/2017 21:04
Subject: How much do you put into a 529 each year?
Anonymous wrote:$25 a month for my two year old. Go ahead and laugh. $200K HHI, in non-profit and govt with my own law school loans I'm still paying. We save more for retirement, and will help DD as much as we can.
Totally not laughing. That's better than we did when our kids were young.
Anonymous
03/16/2017 20:57
Subject: How much do you put into a 529 each year?
I put in $1200 per kid per year. DH still need s to set up account for younger kid, but he does $1200 for the older kid. I also save between $3500-$5500 in a Roth IRA that I figure I can use if needed for educational expenses (my 401k is pretty healthy).
Anonymous
03/16/2017 20:49
Subject: How much do you put into a 529 each year?
4K from each of us. I'm worried it won't be enough, but it's what we can handle.
Anonymous
03/16/2017 20:41
Subject: How much do you put into a 529 each year?
$25 a month for my two year old. Go ahead and laugh. $200K HHI, in non-profit and govt with my own law school loans I'm still paying. We save more for retirement, and will help DD as much as we can.
Anonymous
03/16/2017 20:35
Subject: How much do you put into a 529 each year?
$5000 per year.
Anonymous
03/16/2017 20:30
Subject: Re:How much do you put into a 529 each year?
Anonymous wrote:Anonymous wrote:20k per kid (we have three)
That works out to more than $350,000 per child, or a million dollars. Is it wise to tie up that much money in a college fund? I'm not trying to be snarky, genuinely interested in the reasoning behind it. thanks
Not PP but they'd presumably stop when they reach their needs or the limit - which I think is lower than that.
Regardless it can be used for grad school too.
Anonymous
03/16/2017 19:59
Subject: Re:How much do you put into a 529 each year?
Anonymous wrote:About 2500 per kid per year ... (and that includes gift money from grandma).
Not a lot. Better than nothing...
Same. Better than nothing and better than either of us got. We both have student loans as our parents couldn't help us with college so we're paying for that while trying to help our DD go to college one day.
Anonymous
03/16/2017 19:54
Subject: Re:How much do you put into a 529 each year?
Anonymous wrote:20k per kid (we have three)
That works out to more than $350,000 per child, or a million dollars. Is it wise to tie up that much money in a college fund? I'm not trying to be snarky, genuinely interested in the reasoning behind it. thanks
Anonymous
03/16/2017 19:43
Subject: How much do you put into a 529 each year?
Not even close. $2400 per year per kid plus gifts (usually $1000) from a grandparent.
Anonymous
03/16/2017 16:58
Subject: Re:How much do you put into a 529 each year?
8k per kid per year. I'm working part time, when I switch to full time we hope to up it. . . . A least that's the plan. We'll see, as retirement comes first.
Anonymous
03/16/2017 16:55
Subject: How much do you put into a 529 each year?
$4000 per account (two accounts, one kid). We see no reason to lock money in beyond the tax benefit (we have other savings in IRAs that can be used for education, and taxable investments).
Anonymous
03/16/2017 16:45
Subject: Re:How much do you put into a 529 each year?
20k per kid (we have three)
Anonymous
03/16/2017 16:44
Subject: How much do you put into a 529 each year?
$500/month for each of three kids, so $18K/year total.