I personally decided to save 100% of my flagship state school tuition and room & board and have the rest go to general taxable investing. I will then use either taxable savings or current income to make up the difference if my kids go to an expensive private school.
See this thread about the back door AOTC credit to see how to get some of the benefit for taxable savings used for college:
viewtopic.php?t=412052
I personally think you are oversaving but depends on your overall financial picture. If you have no taxable savings perhaps cut back on 529 contributions. If you already have millions in taxable, and think your child will go to an expensive school, maybe keep saving in your 529 and take the risk of over saving.
See this thread about the back door AOTC credit to see how to get some of the benefit for taxable savings used for college:
viewtopic.php?t=412052
I personally think you are oversaving but depends on your overall financial picture. If you have no taxable savings perhaps cut back on 529 contributions. If you already have millions in taxable, and think your child will go to an expensive school, maybe keep saving in your 529 and take the risk of over saving.
Statistics: Posted by er999 — Sat Oct 12, 2024 12:30 am